Pool Lowers FY24 EPS Forecast, Joins SolarEdge Technologies, Spirit AeroSystems And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session


U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 80 points on Tuesday.

Shares of Pool Corporation POOL fell sharply in today's pre-market trading after the company cut its FY24 EPS guidance.

The company announced its year-to-date sales are trending down and seasonally significant Q2 2024 revenues are below previous expectations.

Pool shares dipped 8.6% to $308.90 in pre-market trading.

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

  • SolarEdge Technologies, Inc. SEDG shares tumbled 15% to $28.25 in pre-market trading after the company reported a private offering of $300 million convertible notes due 2029.
  • Spirit AeroSystems Holdings, Inc. SPR fell 5.4% to $31.30 in pre-market trading. Boeing Co. BA proposed to acquire Spirit AeroSystems in a deal largely financed by stock, valuing the supplier at approximately $35 per share.
  • Birkenstock Holding plc BIRK shares fell 4.3% to $57.22 in pre-market trading after the company announced the launch of a secondary public offering of up to 14 million ordinary shares.
  • Bilibili Inc. BILI shares declined 4.3% to $17.03 in pre-market trading.
  • Allegro MicroSystems Inc ALGM shares slipped 3.5% to $26.29 in pre-market trading.
  • Sea Limited SE shares fell 3.2% to $73.46 in pre-market trading. JP Morgan analyst Ranjan Sharma downgraded Sea from Overweight to Neutral and lowered the price target from $84 to $78.
  • NuScale Power Corporation SMR fell 3.1% to $9.71 in pre-market trading.
  • Now Read This: Nasdaq Records Worst Session Since April With Nvidia Plunging 7%: Dow Jones Sees Modest Gains Amid Mixed Market Close

    Don't forget to check out our premarket coverage here

Market News and Data brought to you by Benzinga APIs
Posted In: NewsPre-Market OutlookMarketsMoversTrading Ideasbig losersPremarket
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!