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Seritage Growth Properties Posts Q1 Loss, Joins Fortrea Holdings And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Published 13/05/2024, 13:31
© Reuters.  Seritage Growth Properties Posts Q1 Loss, Joins Fortrea Holdings And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

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

Shares of Seritage Growth Properties (NYSE:SRG) fell sharply in today's pre-market trading after the company reported a loss for the first quarter.

The company posted a quarterly loss of 36 cents per share, versus a year-ago loss of $1.13 per share, according to data from Benzinga Pro.

Seritage Growth Properties shares dipped 23.6% to $7.12 in pre-market trading.

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

  • Vitesse Energy, Inc. (NYSE:VTS) shares declined 10.2% to $21.64 in pre-market trading. Vitesse Energy, last week, posted downbeat quarterly earnings.
  • Chimera Investment Corporation (NYSE:CIM) shares fell 6.3% to $4.32 in pre-market trading. Chimera Investment announced a 1-for-3 reverse stock split.
  • Fortrea Holdings Inc. (NASDAQ:FTRE) shares declined 6% to $31.06 in pre-market trading after the company reported soft first-quarter results and cut its revenue outlook.
  • Mesoblast Ltd (NASDAQ:MESO) shares declined 3.7% to $7.09 in pre-market trading after gaining around 3% on Friday.
  • Mind Medicine (MindMed) Inc (NASDAQ:MNMD) shares fell 3.7% to $8.92 in pre-market trading.
  • MKS Instruments Inc (NASDAQ:MKSI) shares declined 3.4% to $126.02 in pre-market trading as the company reported a proposed private offering of $1 billion of convertible senior notes.
  • Korea Electric Power Corporation (NYSE:KEP) shares fell 3.3% to $7.29 in pre-market trading after declining 7% on Friday.
  • PENN Entertainment Inc (NASDAQ:PENN) shares slipped 3% to $15.61 in pre-market trading. B of A Securities analyst Shaun Kelley downgraded PENN Entertainment from Buy to Neutral and lowered the price target from $28 to $17.5.
  • Burford Capital Limited (NYSE:BUR) shares slipped 2.5% to $15.05 in pre-market trading after reporting first-quarter results.
Now Read This: Tencent Music Entertainment, StoneCo And 3 Stocks To Watch Heading Into Monday

Don't forget to check out our premarket coverage here

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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