Perion Network Cuts Revenue Outlook, Joins Skye Bioscience And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Author: Avi Kapoor | June 10, 2024 08:10am

U.S. stock futures were lower this morning, with the Dow futures falling over 50 points on Monday.

Shares of Perion Network Ltd. (NASDAQ:PERI) fell sharply in today's pre-market trading after the company lowered its revenue forecast.

Perion Network slashed its second-quarter revenue forecast from $118 million – $122 million to $106 million – $108 million. The company lowered its FY24 revenue forecast from $590 million – $610 million to $490 million – $510 million.

Perion Network shares dipped 21% to $9.74 in pre-market trading.

Here are some big stocks recording losses in today's pre-market trading session.

Skye Bioscience, Inc. (NASDAQ:SKYE) shares tumbled 45.2% to $6.00 in pre-market trading as the company said its Phase 2a clinical trial of SBI-100 Ophthalmic Emulsion in patients with primary open-angle glaucoma or ocular hypertension did not meet its primary endpoint for lowering intraocular pressure.
CI&T Inc. (NYSE:CINT) shares declined 17.7% to $4.00 in pre-market trading.
Sify Technologies Limited (NASDAQ:SIFY) shares dipped 10.7% to $0.7413 in pre-market trading after the company announced intent to delist ADS Rights from the Nasdaq Capital Market.
Ecarx Holdings Inc. (NASDAQ:ECX) shares fell 9.2% to $0.98 in pre-market trading.
Alector Inc (NASDAQ:ALEC) shares declined 8.3% to $4.00 in pre-market trading.
TeraWulf Inc. (NASDAQ:WULF) shares fell 5.8% to $2.91 in pre-market trading after declining around 4% on Friday.
BW LPG Limited (NYSE:BWLP) shares fell 4.2% to $18.86 in pre-market trading.
Palantir Technologies Inc. (NYSE:PLTR) shares fell 3.6% to $22.48 in pre-market trading.
Rush Street Interactive, Inc. (NYSE:RSI) shares fell 3.4% to $8.60 in pre-market trading.