Arconic, Rhythm Pharmaceuticals And Some Other Big Stocks Moving Lower In Today's Pre-Market Session


U.S. stock futures traded higher this morning ahead of several economic reports. Here are some big stocks recording losses in today’s pre-market trading session.

  • IronNet, Inc. IRNT shares dropped 31.8% to $1.50 in pre-market trading after the company reported worse-than-expected Q2 EPS and sales results. The company also withdrew its FY23 guidance in light of management transitions, restructuring and underperformance of current quarter.
  • IDEAYA Biosciences, Inc. IDYA declined 12.1% to $11.00 in pre-market trading. IDEAYA priced its 7.62 million share public offering of common stock at $10.50 per share.
  • Arconic Corp ARNC fell 9.7% to $23.00 in pre-market trading as the company lowered its FY22 sales outlook from $9.6 billion-$10 billion to $9.2 billion-$9.5 billion. The company also said it sees Q3 Adjusted EBITDA to be in the range of $135 million to $150 million.
  • Rhythm Pharmaceuticals, Inc. RYTM shares tumbled 9.6% to $27.89 in pre-market trading. Rhythm Pharmaceuticals priced its 4.8 million share public offering of common stock at $26 per share.
  • Arqit Quantum Inc. ARQQ shares slipped 4.8% to $7.68 in pre-market trading.
  • Aurora Innovation, Inc. AUR fell 4.7% to $2.72 in pre-market trading after surging 10% on Wednesday.
  • Golden Ocean Group Limited GOGL declined 4.2% to $9.00 in pre-market trading.

Also check this out: US Stock Futures Mostly Flat Ahead Of Several Economic Reports; Adobe Earnings In Focus .

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