Benzinga - by Lisa Levin, Benzinga Editor.
U.S. stock futures traded lower this morning, with the Dow Jones futures falling more than 50 points on Monday.
Shares of Alaska Air Group, Inc. (NYSE: ALK) shares moved lower in pre-market trading after the company announced plans to acquire Hawaiian Holdings in a deal worth $1.9 billion.
Both airlines will retain their individual brands, a decision prompted by respect for their nearly century-long history and the communities to whom they provide services.
Alaska Air Group shares declined 9.4% to $36.01 in pre-market trading.
Here are some big stocks recording losses in today’s pre-market trading session.
- Virgin Galactic Holdings, Inc. (NYSE: SPCE) shares dipped 10.3% to $2.10 in pre-market trading after gaining around 5% on Friday.
- Trupanion, Inc. (NASDAQ: TRUP) shares fell 8% to $27.00 in pre-market trading. Trupanion filed prospectus for potential offering of up to 3.6 million shares of common stock.
- SK Telecom Co., Ltd. (NYSE: SKM) shares fell 6.4% to $20.62 in pre-market trading.
- Avid Bioservices, Inc. (NASDAQ: CDMO) shares declined 5.9% to $4.70 in pre-market trading.
- Orthofix Medical Inc. (NASDAQ: OFIX) shares fell 5.4% to $10.52 in pre-market trading. Sealed Air will replace Orthofix Medical in the S&P SmallCap 600, effective prior to the open of trading on Dec. 18.
- Genie Energy Ltd. (NYSE: GNE) shares declined 4.3% to $22.63 in pre-market trading.
- Nokia Oyj (NYSE: NOK) shares fell 3.7% to $3.36 in pre-market trading.
Now Read This: Investor Sentiment Increases As S&P 500 Reaches 2023 Record
Don’t forget to check out our premarket coverage here
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.