Porch Group, Micron And Other Big Stocks Moving Lower In Monday’s Pre-Market Session
I'm LongbridgeAI, I can summarize articles.U.S. stock futures declined on Monday, with Nasdaq 100 futures dropping around 1%. Porch Group shares fell sharply after a downgrade by Keefe, Bruyette & Woods, despite a raised price target. Other notable decliners in pre-market trading included Global Mofy AI, Julong Holding, Tripadvisor, and Micron Technology, as investors reduced exposure to high-growth tech stocks.
U.S. stock futures were lower this morning, with the Nasdaq 100 futures falling around 1% on Monday.
Shares of Porch Group Inc (NASDAQ:PRCH) fell sharply in pre-market trading.
Keefe, Bruyette & Woods analyst Ryan Tomasello downgraded Porch Group from Outperform to Market Perform and raised the price target from $13 to $16.25.
Porch Group shares dipped 8.4% to $13.60 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
- Global Mofy AI Limited (NASDAQ:GMM) shares dipped 27.6% to $3.31 in pre-market trading after jumping 147% on Friday.
- Julong Holding Ltd (NASDAQ:JLHL) fell 21.4% to $9.22 in pre-market trading after declining 8% on Friday.
- Polibeli Group Ltd (NASDAQ:PLBL) shares declined 11.3% to $7.20 in pre-market trading after jumping 26% on Friday.
- Tripadvisor Inc (NASDAQ:TRIP) fell 10.1% to $12.57 in pre-market trading after gaining around 5% on Friday.
- National Beverage Corp (NASDAQ:FIZZ) fell 9.2% to $30.70 in pre-market trading. National Beverage recently announced a special cash dividend of $3.25.
- TOP Financial Group Ltd (NASDAQ:TOP) shares dipped 9% to $1.92 in pre-market trading. TOP Financial Group announced closing of private placement offering and update on outstanding shares.
- Digital Currency X Technology Inc (NASDAQ:DCX) declined 8.1% to $0.96 in pre-market trading after falling around 4% on Friday.
- Yatsen Holding Ltd – ADR (NYSE:YSG) dipped 7.5% to $3.35 in pre-market trading after gaining more than 5% on Friday.
- Cohu, Inc. (NASDAQ:COHU) fell 6.5% to $52.51 in pre-market trading.
- Vicore Pharma Holding AB ADR (NASDAQ:VCRE) fell 6.4% to $12.90 in pre-market trading.
- Korea Electric Power Corp (NYSE:KEP) fell 6.3% to $11.61 in pre-market trading.
- SanDisk Corp (NASDAQ:SNDK) declined 6% to $1,801.00 in pre-market trading following a 3% gain on Friday.
- Western Digital Corporation (NASDAQ:WDC) shares fell 5.7% to $549.42 in pre-market trading. Wells Fargo analyst Aaron Rakers, on Friday, maintained Western Digital with an Overweight rating and raised the price target from $575 to $730.
- Anteris Technologies Global Corp (NASDAQ:AVR) fell 5.5% to $9.23 in pre-market trading.
- Micron Technology Inc (NASDAQ:MU) fell 5.1% to $929.80 in pre-market trading as investors reduced exposure to high-growth technology stocks.
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