Ryanair Posts Q1 Results, Joins CrowdStrike And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Author: Avi Kapoor | July 22, 2024 08:13am

U.S. stock futures were higher this morning, with the Dow futures gaining around 50 points on Monday.

Shares of Ryanair Holdings plc (NASDAQ:RYAAY) shares fell sharply in today's pre-market trading after the company reported first-quarter results.

Ryanair said profits dipped 46% to 360 million euros (£303 million) for the first quarter, while the average fare declined 15% to 42 euros (£35) year-over-year.

Ryanair shares dipped 11.6% to $101.10 in the pre-market trading session.

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

Redwire Corporation (NYSE:RDW) shares fell 6.2% to $6.55 in pre-market trading. B. Riley Securities analyst Mike Crawford downgraded Redwire from Buy to Neutral, but raised the price target from $6 to $8.
Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) shares fell 6% to $1.58 in pre-market trading. Clear Channel Outdoor will release second quarter results before the opening bell on Wednesday, Aug. 7.
Honest Company Inc (NASDAQ:HNST) shares tumbled 3.6% to $3.50 in pre-market trading.
iQIYI, Inc. (NASDAQ:IQ) shares dipped 3.4% to $3.38 in pre-market trading. iQIYI will report its financial results for the second quarter before the opening bell on Aug. 22.
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares declined 3.4% to $294.60 in pre-market trading. Guggenheim analyst John Difucci downgraded the stock from Buy to Neutral. CrowdStrike shares dipped over 11% on Friday after the company suffered a major outage impacting businesses around the world.
Verizon Communications Inc. (NYSE:VZ) shares fell 3.3% to $40.25 in pre-market trading following weak quarterly sales.
NANO Nuclear Energy Inc. (NASDAQ:NNE) declined 3% to $18.72 in pre-market trading.