U.S. stock futures traded lower this morning after recording gains in the previous session. Here are some big stocks moving lower in today’s pre-market trading session.
- Pagaya Technologies Ltd. (NASDAQ: PGY) shares tumbled 56.6% to $3.03 in pre-market trading after dropping 11% on Monday.
- AMTD Digital Inc. (NYSE: HKD) shares declined 9.8% to $83.00 in pre-market trading after dropping around 15% on Monday.
- Valneva SE (NASDAQ: VALN) shares dropped 8.6% to $12.29 in pre-market trading after declining around 17% on Monday. Valneva and IDT Biologika will terminate their collaboration following the delivery of inactivated COVID-19 bulk vaccine to Valneva and considering the current order levels and existing inventories.
- Seres Therapeutics, Inc. (NASDAQ: MCRB) shares dropped 7.7% to $6.07 in pre-market trading. Seres Therapeutics recently announced it completed the rolling submission process for its BLA to the FDA for SER-109 for recurrent C. difficile infection.
- Ocugen, Inc. (NASDAQ: OCGN) declines 5.6% to $2.01 in pre-market trading.
- Evotec SE (NYSE: EVO) shares dropped 5.2% to $9.41 in pre-market trading. Evotec Biologics was awarded up to $49.9 million contract from the U.S. Department of Defense under Accelerated Antibodies Program.
- Ford Motor Company (NYSE: NYSE:F) dropped 4.8% to $14.21 in pre-market trading after the company previewed the effect of parts shortages on the company in the third-quarter and said inflation-related supplier costs during the third quarter will run about $1.0 billion higher than originally expected. The company also projects to have about 40,000 to 45,000 vehicles in inventory at end of third quarter lacking certain parts presently in short supply.
- Invitae Corporation (NYSE: NVTA) fell 4.2% to $3.00 in pre-market trading.
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