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Nike Posts Downbeat Sales, Joins NetEase And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Published 22/12/2023, 10:54
© Reuters. Nike Posts Downbeat Sales, Joins NetEase And Other Big Stocks Moving Lower In Friday's Pre-Market Session
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Benzinga - by Avi Kapoor, Benzinga Staff Writer.

U.S. stock futures were lower this morning, with the Dow Jones futures falling more than 100 points on Friday.

Shares of NIKE, Inc. (NYSE: NKE) shares fell sharply in pre-market trading following second-quarter results.

NIKE posted better-than-expected earnings for its second quarter, but sales missed expectations. The company also stated that it is assessing opportunities to deliver up to $2 billion in cumulative cost savings during the next three years.

Nike shares dipped 11.4% to $108.61 in pre-market trading.

Here are some big stocks recording gains in today’s pre-market trading session.

  • NetEase, Inc. (NASDAQ: NTES) fell 23.6% to $79.81 in pre-market trading. In an unexpected move right before Christmas, China’s top gaming regulator introduced new draft rules aimed at controlling excessive spending and online gaming usage.
  • TAL Education Group (NYSE: TAL) shares fell 13.5% to $10.86 in pre-market trading.
  • Nanobiotix S.A. (NASDAQ: NBTX) shares declined 12.2% to $6.74 in pre-market trading after jumping more than 15% on Thursday.
  • Bilibili Inc. (NASDAQ: BILI) shares fell 11.2% to $10.28 in pre-market trading. China’s top gaming regulator introduced new draft rules aimed at controlling excessive spending and online gaming usage.
  • LexinFintech Holdings Ltd. (NASDAQ: LX) shares dipped 10.8% to $1.73 in pre-market trading.
  • HUYA Inc. (NYSE: HUYA) shares declined 9.4% to $3.29 in pre-market trading.
  • Gaotu Techedu Inc. (NYSE: GOTU) shares fell 7.9% to $3.37 in pre-market trading after gaining over 5% on Thursday.
  • New Oriental Education & Technology Group Inc. (NYSE: EDU) shares fell 7.2% to $67.91 in pre-market trading.
  • Foot Locker, Inc. (NYSE: FL) shares fell 6.5% to $30.19 in pre-market trading.
  • Under Armour, Inc. (NYSE: UAA) shares fell 5% to $8.82 in pre-market trading.

Now Read This: Nike, AAR And 3 Stocks To Watch Heading Into Friday

Don’t forget to check out our premarket coverage here

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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