Pool Lowers FY24 EPS Forecast, Joins SolarEdge Technologies, Spirit AeroSystems And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
Author: Avi Kapoor | June 25, 2024 05:45am
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 80 points on Tuesday.
Shares of Pool Corporation (NASDAQ:POOL) fell sharply in today's pre-market trading after the company cut its FY24 EPS guidance.
The company announced its year-to-date sales are trending down and seasonally significant Q2 2024 revenues are below previous expectations.
Pool shares dipped 8.6% to $308.90 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
- SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares tumbled 15% to $28.25 in pre-market trading after the company reported a private offering of $300 million convertible notes due 2029.
- Spirit AeroSystems Holdings, Inc. (NYSE:SPR) fell 5.4% to $31.30 in pre-market trading. Boeing Co. (NYSE:BA) proposed to acquire Spirit AeroSystems in a deal largely financed by stock, valuing the supplier at approximately $35 per share.
- Birkenstock Holding plc (NYSE:BIRK) shares fell 4.3% to $57.22 in pre-market trading after the company announced the launch of a secondary public offering of up to 14 million ordinary shares.
- Bilibili Inc. (NASDAQ:BILI) shares declined 4.3% to $17.03 in pre-market trading.
- Allegro MicroSystems Inc (NASDAQ:ALGM) shares slipped 3.5% to $26.29 in pre-market trading.
- Sea Limited (NYSE:SE) shares fell 3.2% to $73.46 in pre-market trading. JP Morgan analyst Ranjan Sharma downgraded Sea from Overweight to Neutral and lowered the price target from $84 to $78.
- NuScale Power Corporation (NYSE:SMR) fell 3.1% to $9.71 in pre-market trading.
Now Read This: Nasdaq Records Worst Session Since April With Nvidia Plunging 7%: Dow Jones Sees Modest Gains Amid Mixed Market Close
Don't forget to check out our premarket coverage here
Posted In: ALGM BA BILI BIRK POOL SE SEDG SMR SPR
