The Chicago Board Options Exchange's CBOE Volatility Index (VIX) jumped more than 4% after markets closed on Tuesday.
Check out stocks making big moves in the premarket.
Gainers
Sharps Compliance Corp. (NASDAQ: SMED) shares jumped 196.1% to close at $8.44 on Tuesday after the company it will be acquired by an affiliate of Aurora Capital Partners for $8.75 per share.
Carnival Corp (NYSE: CCL) (NYSE: CUK) shares are trading higher by 7.19% to $9.10 Tuesday afternoon after the company's subsidiary Princess Cruises announced a new summer season of cruises roundtrip from Los Angeles in 2023.
Gainers
Seritage Growth Properties (NYSE: SRG) shares surged 80.3% to settle at $10.96 after the company appointed Adam Metz as Chairman. Preliminary proxy materials also indicated the board recommended shareholders to approve a proposed plan sale.
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Royal Caribbean Cruises Ltd (NYSE: RCL) shares are trading lower by 5.86% to $8.82 Wednesday afternoon. Shares of travel and cruise companies are trading lower amid economic concerns. An economic slowdown could lead to decreased consumer spending on travel.