Updated: Friday, December 12, 2025 — 6:00 a.m. ET
SEO summary: Here are the biggest US stock market premarket gainers today (NYSE/Nasdaq) and the news driving them, including Lululemon’s earnings and CEO transition, a cannabis-stock surge tied to marijuana rescheduling headlines, and earnings-driven jumps in Mitek and Quanex. [1]
US stock futures were mixed early Friday, with investors balancing a post-Fed backdrop against renewed questions around big-tech AI spending after Oracle’s latest move and broader positioning into year-end. [2]
Below is a detailed look at the top premarket gainers as of about 6:00 a.m. ET, plus the headlines, forecasts, and analyst takes circulating on 12/12/2025.
Top premarket stock gainers right now (as of ~6:00 a.m. ET)
These are the leading percentage gainers in US premarket trading based on widely followed market-mover screens (premarket moves can shift quickly as liquidity increases closer to the open). [3]
- Kaival Brands (KAVL): +56.50% to $0.31 [4]
- Neo-Concept International (NCI): +45.97% to $1.81 [5]
- cbdMD (YCBD): +39.92% to $0.88 [6]
- Tilray Brands (TLRY): +30.25% to $10.98 [7]
- Paranovus Entertainment Tech (PAVS): +28.41% to $0.04 [8]
- Quanex Building Products (NX): +23.87% to $18.68 [9]
- Canopy Growth (CGC): +23.01% to $1.39 [10]
- SMX (Security Matters) (SMX): +17.03% to $249.35 [11]
- GrowGeneration (GRWG): +16.90% to $1.66 [12]
- Mitek Systems (MITK): +16.78% to $10.79 [13]
A quick theme check: several of today’s biggest premarket movers are low-priced and/or small-cap names, where thin premarket liquidity can amplify swings. That’s why it’s important to pair the leaderboard with the news catalyst (if any) and the volume context.
What’s driving the top gainers today
1) cbdMD (YCBD): compliance headline fuels a big premarket pop
One of the clearest news-driven movers is cbdMD, which recently announced it regained full compliance with NYSE American listing standards. The company said the NYSE American notified it in a letter dated Dec. 5, 2025 and that the “.BC” indicator would be removed effective the open of trading on Dec. 8, 2025. [14]
In the company’s statement, management pointed to a preferred share conversion in May and a capital raise completed in September as key parts of the compliance strategy—details traders often interpret as “overhang clearing,” at least in the near term. [15]
Why it matters this morning: Compliance/continued listing developments can spark sharp moves in small caps because they reduce near-term delisting anxiety and can widen the pool of potential buyers.
2) Tilray (TLRY), Canopy Growth (CGC), GrowGeneration (GRWG): cannabis stocks rally on rescheduling headlines
Cannabis-related names are in focus, with Tilray and Canopy Growth among the notable premarket gainers. [16]
A major spark: reports that President Donald Trump is planning/leaning toward an executive order aimed at reclassifying marijuana under federal law—moving it toward Schedule III, which would generally be seen as a significant loosening of restrictions (without automatically legalizing it). [17]
At the company level, Tilray also had fresh product news: its cannabis brand Redecan announced the launch of Amped Live Resin Liquid Diamond 1g 510 cartridges, initially offered in Ontario and Alberta, with national distribution scheduled for early 2026 in authorized regions. [18]
What to watch: Regulatory headlines can move the group fast—but reversals are common if policy details, timelines, or enforcement realities look less favorable once the news cycle settles.
3) Quanex (NX): earnings and cash-flow narrative lift building products
Quanex Building Products is higher premarket after releasing fourth-quarter and full-year 2025 results.
Highlights the company emphasized include:
- Full-year net sales up ~44% year over year (driven by the Tyman acquisition contribution), [19]
- $75 million of debt repaid in fiscal 2025, [20]
- Stronger cash generation, including Q4 operating cash flow of $88.3 million and Q4 free cash flow of $66.6 million (as presented in the release tables). [21]
Quanex also said integration of the Tyman acquisition is “substantially complete,” and it outlined a potential path to ~$45 million in cost synergies over time, above an initial projection it said had been fully realized. [22]
Why it’s moving: In a market still sensitive to financing conditions and margin durability, cash flow + deleveraging tends to play well—especially when paired with synergy targets investors can model.
4) Mitek (MITK): earnings beat + 2026 guidance drives another leg higher
Mitek Systems is also on the premarket gainer list after reporting a strong finish to fiscal 2025.
The company reported:
- Fiscal 2025 revenue of $179.7 million (+4% year over year) [23]
- Fiscal 2025 SaaS revenue of $77.0 million (+21% year over year) [24]
Investor enthusiasm appears tied to both the beat and the outlook. One widely circulated recap noted adjusted EPS of $0.24 on Q4 revenue of $44.8 million, and said the company forecast FY2026 revenue of $185–$195 million, above consensus cited in that report. [25]
The setup from here: For software-adjacent names like MITK, traders often focus next on (1) durability of subscription growth, (2) margins, and (3) whether guidance proves conservative as the year progresses.
5) Paranovus (PAVS): momentum continues after an eye-popping interim revenue figure
Low-priced mover PAVS has been volatile, and earlier this month the company published interim results claiming an ~18,037% year-over-year revenue increase for the six months ended Sept. 30, 2025 (from ~$68k to ~$12.4M), alongside a shift to a small net profit in that period. [26]
The release tied growth primarily to U.S. subsidiaries involved in e-commerce product sales and TikTok-related e-commerce solution services. [27]
Caution flag: With microcaps, price action can be driven as much by positioning and float dynamics as by fundamentals—especially in premarket.
6) Lululemon (LULU): the “headline gainer” among major names
While not the biggest percentage mover overall (microcaps dominate the top-10 list), Lululemon is the standout gainer among widely held, large-cap consumer names.
Lululemon surged after:
- announcing that CEO Calvin McDonald will step down in January, [28]
- naming Meghan Frank (CFO) and André Maestrini (chief commercial officer) as interim co-CEOs during the search, [29]
- and reporting Q3 results alongside a higher profit outlook and an expanded buyback authorization. [30]
Reuters reported the company raised its annual profit forecast to $12.92–$13.02 per share, from $12.77–$12.97, and cited management commentary around higher discounting to clear older product lines and marketing investment to drive traffic. [31]
The company’s own release highlighted revenue up 7% to $2.6 billion and said the board approved a $1.0 billion increase in the share repurchase program (with ~$1.6B remaining authorized as of Dec. 11). [32]
AP added that the quarter reflected a divergence between regions—net revenue in the Americas declined 2%, while international revenue increased 33%—and said quarterly profit fell. [33]
Why this matters for today’s tape: Big post-earnings moves in well-known consumer names often ripple into peers, ETFs, and discretionary positioning—especially when the company pairs results with governance/leadership change.
Notable large-cap premarket gainers
If you screen for more established, heavily traded names, gainers look more “normal” (single-digit % moves rather than the microcap spikes). One widely followed premarket list showed Lululemon leading, with additional strength in materials, financials, and energy names early Friday. [34]
Examples included Newmont (NEM), Mosaic (MOS), Citigroup (C) and Devon Energy (DVN) among early risers. [35]
That fits the broader overnight macro tape: Reuters noted gold near fresh highs, copper hitting records on China fiscal-boost expectations, and Brent crude higher—all of which can support miners, materials and energy shares at the margin. [36]
The macro backdrop: what analysts and markets are focusing on this morning
Even on a “movers” day, the premarket narrative often comes down to two forces: rates and AI-capex expectations.
- Reuters said the week’s big pivot was the Fed rate cut paired with a less hawkish-than-feared outlook, while jobless claims rose sharply (though Reuters noted the data can be volatile seasonally). [37]
- On AI spending, Reuters highlighted renewed jitters after Oracle’s drop, citing a Westpac note that flagged concerns about whether high levels of data-center investment will deliver sufficient returns. [38]
- On the policy/regulatory side, the cannabis rally is being framed around new reporting that Trump is leaning toward a marijuana reclassification push—an example of how Washington headlines can quickly rotate capital into specific high-beta sectors. [39]
What to watch after the opening bell
- Premarket leaders with real catalysts (earnings, guidance, compliance) often have more durable follow-through than pure momentum spikes. Today that includes names like LULU, MITK, NX, and YCBD. [40]
- Cannabis names may stay volatile all session as traders react to any additional confirmation—or pushback—around rescheduling timelines and mechanics. [41]
- Commodity-linked movers can react quickly to gold, oil, and industrial-metals price changes as the US session comes online. [42]
Bottom line
As of 6:00 a.m. ET on Dec. 12, 2025, the top US premarket gainers are led by sharp moves in small caps like KAVLand NCI, a compliance-driven jump in YCBD, and a cluster of cannabis-linked stocks (including TLRY and CGC) rallying alongside major policy headlines. Earnings-driven movers MITK and NX are also near the top of the leaderboard. [43]
Meanwhile, Lululemon is the marquee large-cap gainer after earnings, a raised outlook, and a CEO transition plan—setting up one of the most closely watched consumer stories at today’s open. [44]
Note: Premarket prices can change rapidly and may not reflect where a stock ultimately opens once regular-session liquidity arrives.
If you want, I can rewrite this into a Google Discover–optimized “shorter, punchier” version (same facts, tighter paragraphs and more scannable headings) or a longer newsroom format with a “Stocks to Watch” box at the top—without adding charts or images.
References
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