U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 0.3% on Friday.
Shares of Capri Holdings Limited (NYSE:CPRI) fell sharply in today's pre-market trading following reports that a judge has blocked the company's pending merger with Tapestry.
Following an eight-day trial in which the U.S. Federal Trade Commission argued that a merger between Capri and Tapestry would remove competition from the U.S. handbag space, a U.S. judge has moved to block the pending merger, according to Reuters.
Capri shares tumbled 47.1% to $22.01 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
- Coursera, Inc. (NYSE:COUR) shares dipped 19.2% to $6.16 in today's pre-market trading after the company issued fourth-quarter revenue guidance below estimates and cut its FY24 revenue guidance,
- The Bancorp, Inc. (NASDAQ:TBBK) shares declined 15.4% to $46.51 following downbeat quarterly results.
- Joby Aviation, Inc. (NYSE:JOBY) dipped 8.1% to $5.55 in pre-market trading as the company announced the pricing of public offering of common stock.
- Tevogen Bio Holdings Inc. (NASDAQ:TVGN) shares fell 7.8% to $2.36 in pre-market trading. Tevogen Bio recently announced its Artificial Intelligence effort, Tevogen AI, has joined Microsoft for Startups.
- DexCom, Inc. (NASDAQ:DXCM) shares fell 6.6% to $69.89 in pre-market trading following third-quarter results.
- Sibanye Stillwater Limited (NYSE:SBSW) declined 4.6% to $4.73 in pre-market trading after surging more than 12% on Thursday.
- The Boston Beer Company, Inc. (NYSE:SAM) shares fell 4% to $289.80 in pre-market trading following third-quarter results.
- Masimo Corporation (NASDAQ:MASI) shares fell 4% to $135.23 in pre-market trading. Masimo will report third quarter financial results, after the closing bell on Tuesday, Nov. 5.
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