Investing.com UK - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Tesla, Credit Suisse And Some Other Big Stocks Moving Lower In Today's Pre-Market Session

Published 03/10/2022, 12:25
Updated 03/10/2022, 13:10
Tesla, Credit Suisse And Some Other Big Stocks Moving Lower In Today's Pre-Market Session

U.S. stock futures traded mixed this morning after recording losses for the third quarter. Here are some big stocks recording losses in today’s pre-market trading session.

  • Alector, Inc. (NASDAQ: ALEC) shares dropped 10.2% to $8.50 in pre-market trading. Alector, last month, initiated Phase 1 clinical trial of AL044 for the treatment of Alzheimer's disease.
  • GigaCloud Technology Inc. (NASDAQ: GCT) declined 7% to $9.40 in pre-market trading after dropping around 12% on Friday. GigaCloud Technology reported second-quarter FY22 sales growth of 11% year-on-year to $124 million.
  • Logitech International S.A. (NASDAQ: LOGI) dropped 5.3% to $43.58 in pre-market trading. Logitech, last month, raised dividend to CHF 0.96.
  • ABB Ltd (NYSE: ABB) declined 4.8% to $24.42 in pre-market trading. ABB completed Accelleron Industries AG spin-off.
  • Tesla, Inc. (NASDAQ: TSLA (NASDAQ:TSLA)) shares dropped 4.4% to $253.49 in pre-market trading. Tesla announced that third-quarter deliveries rose to a record level after the previous quarter’s production-induced setback. Tesla said it sold 343,830 cars in the third quarter, the company said in a statement on Sunday.
  • Inovio Pharmaceuticals, Inc. (NASDAQ: INO) fell 4.4% to $1.65 in pre-market trading.
  • Credit Suisse (SIX:CSGN) Group AG (NYSE: CS) fell 6.4% to $3.67 in pre-market trading. Talks of trouble brewing at Swiss investment bank Credit Suisse gained ground over the weekend, with Twitterati beginning to raise the specter of a Lehman-like collapse. Credit Suisse has seen its fundamentals deteriorate rapidly, thanks to a combination of macroeconomic factors and company-specific malaise. The bank has been rocked by a string of scandals and mishaps that impacted its financials, with the most notable being the situation that arose from the collapse of U.S. hedge fund Archegos Capital, founded by Bill Hwang, in early 2021.
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.