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Welcome back, trader! I hope you got your rest out over the holiday weekend because we’re starting off Monday with the biggest pre-market stock movers!

Source: Eric Urquhart/Shutterstock.com

Moving stocks this morning is Omicron Covid-19 news, falls following rallies, and more.

Let’s get right into that news below!

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Pre-Market Stock Movers: 10 Top Gainers

1. Petros Pharmaceuticals (NASDAQ:PTPI) stock is rocketing more than 72% in what appears to be a short-squeeze of the shares.

2. Applied DNA Sciences (NASDAQ:APDN) shares are surging over 54% after announcing plans to handle the new Omicron Covid-19 variant.

3. Palatin Technologies (NYSEAMERICAN:PTN) stock is soaring more than 41% as retail investors take interest following a massive price target for the company last week.

4. Biofrontera (NASDAQ:BFRI) shares are climbing over 36% as it continues a multi-day rally from new coverage.

5. Precipio (NASDAQ:PRPO) stock is sitting more than 36% higher despite a lack of news this morning.

6. 180 Life Sciences (NASDAQ:ATNF) shares are rising nearly 19% as it continues a rally from last week.

7. Adagio Therapeutics (NASDAQ:ADGI) stock is increasing over 17% after announcing it expects its current coronavirus vaccine to work on the new variant.

8. NRX Pharmaceuticals (NASDAQ:NRXP) shares are gaining more than 16% following news of the potential effectiveness of its vaccine against Omicron.

9. Inspira Technologies Oxy (NASDAQ:IINN) stock is jumping over 15% on no apparent news.

10. iBio (NYSEAMERICAN:IBIO) shares are up nearly 15% in a likely pump and dump of the penny stock.

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10 Top Losers

1. Fennec Pharmaceuticals (NASDAQ:FENC) stock is diving more than 39% as the company prepares for a response from the FDA.

2. iSpecimen (NASDAQ:ISPC) shares are taking an over 11% beating after trending higher last week on Covid-19 news.

3. ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) stock is falling more than 9% in pre-market trading today as new Covid-19 variant fears drop prices.

4. ProShares UltraShort Bloomberg Crude Oil (NYSEARCA:SCO) shares are dropping over 8% on that same news.

5. Engine Gaming And Media (NASDAQ:GAME) stock is decreasing more than 7% after rallying last week on earnings news.

6. Clarus Therapeutics (NASDAQ:CRXT) shares are heading close to 7% lower after rallying during normal trading hours Friday.

7. TOMI Environmental Solutions (NASDAQ:TOMZ) stock is declining about 6% after a rally last week.

8. Direxion Daily S&P Oil & Gas Exp & Prod Br 2X Shs (NYSEARCA:DRIP) are slipping over 5% this morning.

9. MicroSectors US Big Oil Index 3X Inverse Leveraged ETN (NYSEARCA:NRGD) stock is dipping more than 5% in pre-market trading.

10. Qualigen Therapeutics (NASDAQ:QLGN) shares close out our pre-market stock movers down over 5% as it continues to pull back from a rally.