Sohu.com, Cloudflare And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Author: Lisa Levin | August 07, 2023 06:14am

U.S. stock futures traded higher this morning on Monday. Here are some big stocks recording losses in today’s pre-market trading session.

HUTCHMED (China) Limited (NYSE:HCM) shares dipped 14.1% to $14.06 in pre-market.
Scilex Holding Company (NASDAQ:SCLX) shares tumbled 10.1% to $4.81 in pre-market trading after dropping 15% on Friday.
POSCO Holdings Inc. (NYSE:PKX) fell 5.5% to $107.02 in pre-market trading.
Sohu.com Limited (NASDAQ:SOHU) shares declined 3.7% to $12.00 in pre-market trading after reporting weak quarterly earnings.
Cloudflare, Inc. (NYSE:NET) shares fell 3.5% to $67.08 in pre-market trading. Guggenheim downgraded Cloudflare from Neutral to Sell and announced a $50 price target.
Brandywine Realty Trust (NYSE:BDN) shares fell 3% to $4.81 in pre-market trading.
Icahn Enterprises L.P. (NASDAQ:IEP) shares fell 2.9% to $24.37 in pre-market trading. Icahn Enterprises shares fell 23% on Friday after the company reported weak second-quarter results and cut its quarterly distribution by 50%.