Nike Posts Downbeat Sales, Joins NetEase And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Author: Avi Kapoor | December 22, 2023 06:54am

U.S. stock futures were lower this morning, with the Dow Jones futures falling more than 100 points on Friday.

Shares of NIKE, Inc. (NYSE:NKE) shares fell sharply in pre-market trading following second-quarter results.

NIKE posted better-than-expected earnings for its second quarter, but sales missed expectations. The company also stated that it is assessing opportunities to deliver up to $2 billion in cumulative cost savings during the next three years.

Nike shares dipped 11.4% to $108.61 in pre-market trading.

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

NetEase, Inc. (NASDAQ:NTES) fell 23.6% to $79.81 in pre-market trading. In an unexpected move right before Christmas, China’s top gaming regulator introduced new draft rules aimed at controlling excessive spending and online gaming usage.
TAL Education Group (NYSE:TAL) shares fell 13.5% to $10.86 in pre-market trading.
Nanobiotix S.A. (NASDAQ:NBTX) shares declined 12.2% to $6.74 in pre-market trading after jumping more than 15% on Thursday.
Bilibili Inc. (NASDAQ:BILI) shares fell 11.2% to $10.28 in pre-market trading. China’s top gaming regulator introduced new draft rules aimed at controlling excessive spending and online gaming usage.
LexinFintech Holdings Ltd. (NASDAQ:LX) shares dipped 10.8% to $1.73 in pre-market trading.
HUYA Inc. (NYSE:HUYA) shares declined 9.4% to $3.29 in pre-market trading.
Gaotu Techedu Inc. (NYSE:GOTU) shares fell 7.9% to $3.37 in pre-market trading after gaining over 5% on Thursday.
New Oriental Education & Technology Group Inc. (NYSE:EDU) shares fell 7.2% to $67.91 in pre-market trading.
Foot Locker, Inc. (NYSE:FL) shares fell 6.5% to $30.19 in pre-market trading.
Under Armour, Inc. (NYSE:UAA) shares fell 5% to $8.82 in pre-market trading.