RH, Semtech And Other Big Stocks Moving Lower In Thursday's Pre-Market Session


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

  • Semtech Corporation SMTC shares dipped 12.7% to $28.00 in pre-market trading after posting downbeat Q4 earnings.
  • TORM plc TRMD declined 8.8% to $29.80 in pre-market trading after the company reported commencement of a secondary public offering of 5 million of its Class A common shares by a selling shareholder.
  • RH RH dropped 6.5% to $229.79 in pre-market trading after the company reported weaker-than-expected results for its fourth quarter on Wednesday. The company also said it sees 2023 revenues of $2.9 billion to $3.1 billion, versus estimates of $3.6 billion.

Don’t forget to check out our premarket coverage here

  • Viking Therapeutics, Inc VKTX shares fell 4.3% to $15.25 in pre-market trading. Viking Therapeutics priced public offering of 17,242,000 shares of common stock at $14.50 per share.
  • Arcturus Therapeutics Holdings Inc. ARCT dropped 3.2% to $19.53 in pre-market trading. Arcturus Therapeutics shares jumped over 30% on Wednesday after the company reported better-than-expected Q4 EPS and sales results.
  • Baidu, Inc. BIDU fell 2.8% to $153.60 in pre-market trading. Baidu recently cancelled the public launch of its Ernie Bot chat bot product.

Now Read This: Investor Fear Eases Following Surge In Tech Stocks


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