PDD Holdings, Daqo New Energy And Other Big Stocks Moving Lower In Monday's Pre-Market Session

U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Monday.

Shares of PDD Holdings Inc – ADR PDD fell sharply in today's pre-market trading after the company reported second-quarter revenue miss.

PDD reported fiscal second-quarter 2024 revenue growth of 86% year-on-year to $13.36 billion (97.06 billion Chinese yuan), missing the analyst consensus estimate of $14.02 billion. The Chinese online retailer's adjusted earnings per ADS of $3.20 (23.24 Chinese yuan) increased from 10.47 Chinese yuan Y/Y, beating the analyst consensus estimate of $2.73.

PDD shares dipped 15.2% to $118.65 in pre-market trading.

  • Massive Demand & Disruptive Potential – Boxabl has received interest for over 190,000 homes, positioning itself as a major disruptor in the housing market.
  • Revolutionary Manufacturing Approach – Inspired by Henry Ford’s assembly line, Boxabl’s foldable tiny homes are designed for high-efficiency production, making homeownership more accessible.
  • Affordable Investment Opportunity – With homes priced at $60,000, Boxabl is raising $1 billion to scale production, offering investors a chance to own a stake in its growth.
Share Price: $0.80
Min. Investment: $1,000
Valuation: $3.5B

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

  • SM Energy Co SM fell 7.5% to $42.42 in pre-market trading after gaining over 3% on Friday.
  • Westlake Chemical Partners LP WLKP shares dipped 5.4% to $21.50 in pre-market trading.
  • AngioDynamics, Inc. ANGO shares fell 5.1% to $7.29 in pre-market trading.
  • Daqo New Energy Corp DQ shares declined 5.1% to $14.43 in pre-market trading after reporting downbeat quarterly results.
  • Yiren Digital Ltd – ADR YRD shares fell 4.6% to $4.63 in pre-market trading.
  • elf Beauty Inc ELF shares declined 3.8% to $164.50 in pre-market trading.
  • Guardant Health Inc GH shares fell 3% to $28.20 in pre-market trading after gaining 4% on Friday.

Now Read This:

PDD Logo
PDDPDD Holdings Inc
$102.600.21%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
24.02
Growth
97.58
Quality
Not Available
Value
79.01
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Comments
Loading...