iRobot, AST SpaceMobile And Other Big Stocks Moving Lower In Friday's Pre-Market Session

U.S. stock futures were higher this morning, with the Nasdaq futures gaining over 100 points on Friday.

Shares of iRobot Corporation IRBT shares fell sharply in today’s pre-market trading.

The European Union's competition watchdog is poised to reject Amazon.com Inc's AMZN ambitious $1.7-billion acquisition of iRobot, The Wall Street Journal reported, citing sources close to the matter.
iRobot shares dipped 35.8% to $15.16 in pre-market trading.

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

  • AST SpaceMobile, Inc. ASTS shares tumbled 18.5% to $3.39 in pre-market trading. AST SpaceMobile announced a $100 million offering of common stock. The company also announced a strategic investment from AT&T Inc T, Alphabet Inc GOOG GOOGL and Vodafone.
  • MorphoSys AG MOR shares declined 10.7% to $9.14 after falling 6% on Wednesday. Morgan Stanley analyst James Quigley, on Tuesday, downgraded MorphoSys from Overweight to Equal-Weight.
  • Absci Corporation ABSI shares fell 5.8% to $3.41 in pre-market trading. Absci recently appointed seasoned R&D executive Professor Sir Menelas “Mene” Pangalos to its Board of Directors and as co-chair of Absci’s Scientific Advisory Board.
  • Diversified Energy Company PLC DEC shares declined 4.2% to $12.00 in pre-market trading.
  • XPeng Inc. XPEV shares fell 3.9% to $9.49 in pre-market trading after declining over 2% on Thursday.
  • Chegg, Inc. CHGG shares fell 3.7% to $9.69 in pre-market trading. Goldman Sachs analyst Eric Sheridan downgraded Chegg from Neutral to Sell and lowered the price target from $10 to $8.
  • Arcutis Biotherapeutics, Inc. ARQT shares fell 3.1% to $3.17 in pre-market trading. Arcutis Canada recently announced Health Canada acceptance of the supplement to a new drug submission for Roflumilast Foam 0.3% for seborrheic dermatitis in individuals 9 years of age and older.

 

Now Read This: Investor Sentiment Increases Following Economic Reports; Dow Jumps Over 200 Points

Don’t forget to check out our premarket coverage here

Market News and Data brought to you by Benzinga APIs
Posted In: NewsPenny StocksSmall CapPre-Market OutlookMarketsMoversTrading Ideasbig losersTop Losers
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...