Intel, XPeng And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

U.S. stock futures were lower this morning, with the Nasdaq futures falling by around 0.2% on Wednesday.

Shares of Intel Corporation INTC fell sharply in today’s pre-market trading after the company outlined a new financial framework for its foundry business.

After the market close on Tuesday, Intel announced a new financial reporting structure designed to drive increased cost discipline and higher returns by providing greater transparency, accountability and incentives across the business.

Intel shares dipped 4.8% to $41.85 in pre-market trading.

  • Here are some big stocks recording losses in today’s pre-market trading session.
  • Mesoblast Limited MESO shares tumbled 13.1% to $5.73 in pre-market trading after gaining 8% on Tuesday.
  • Fractyl Health, Inc. GUTS fell 9.1% to $6.13 in pre-market trading after declining around 10% on Tuesday. The company recently announced FDA IDE approval for the Revita Remain-1 pivotal study and then rebounded after reporting Q4 financial results.
  • Nikola Corporation NKLA shares declined 7.3% to $0.9027 in pre-market trading after falling more than 5% on Tuesday.
  • Nuvation Bio Inc. NUVB shares fell 5.8% to $3.25 in pre-market trading after declining over 6% on Tuesday. Nuvation Bio, last week, announced appointment of Colleen Sjogren as Chief Commercial Officer.
  • Shinhan Financial Group Co., Ltd. SHG shares declined 5.6% to $31.47 in pre-market trading.
  • XPeng Inc. XPEV shares fell 3.2% to $7.35 in pre-market trading. XPeng recently said it delivered 9,026 Smart EVs in March, representing a 99% increase over the prior month and a 29% increase year-over-year.
  • Li Auto Inc.LI shares fell 3% to $ 30.11 in pre-market trading. Li Auto recently reported March vehicle deliveries of 28,984, an increase of 39.2% year over year.

 

Now Read This: Acuity Brands, Cal-Maine Foods And 3 Stocks To Watch Heading Into Wednesday

Don’t forget to check out our premarket coverage here

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsPenny StocksSmall CapPre-Market OutlookMarketsMoversTrading Ideasbig losersTop Losers
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!