AVITA Medical Cuts Revenue Forecast, Joins iQIYI, Trip.com And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Author: Lisa Levin | November 21, 2023 06:38am

U.S. stock futures traded mostly lower this morning, with the Dow Jones futures falling around 50 points on Tuesday.

Shares of AVITA Medical, Inc. (NASDAQ:RCEL) shares dipped in pre-market trading after the company cut its FY23 revenue guidance.

AVITA Medical revised its FY23 revenue guidance from $51 million-$53 million to $49.5 million-$50.5 million, according to data from Benzinga Pro.

AVITA Medical shares fell 10.9% to $11.17 in pre-market trading

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

• Sibanye Stillwater Limited (NYSE:SBSW) shares tumbled 24.2% to $3.94 in pre-market trading.
• MorphoSys AG (NASDAQ:MOR) shares dipped 23.4% to $4.49 in pre-market trading. The company’s Phase 3 study of pelabresib in myelofibrosis demonstrated statistically significant improvement in spleen volume reduction and strong positive trend in symptom reduction.
• reAlpha Tech Corp. (NASDAQ:AIRE) fell 8.2% to $6.60 in pre-market trading after declining around 23% on Monday. The company recently filed a prospectus for the offering of up to 1.67 million common units at a price of $12 per unit.
• Vertex Energy, Inc. (NASDAQ:VTNR) shares fell 4.7% to $3.66 in pre-market trading.
• iQIYI, Inc. (NASDAQ:IQ) shares declined 4.4% to $5.00 in pre-market trading following third-quarter results.
• Burford Capital Limited (NYSE:BUR) fell 3.4% to $13.74 in pre-market trading.
• Trip.com Group Limited (NASDAQ:TCOM) fell 3.2% to $35.50 in pre-market trading after reporting third-quarter results.

 

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Don’t forget to check out our premarket coverage here

Posted In: AIRE BUR IQ MOR RCEL SBSW TCOM VTNR