Applied Digital Reports Downbeat Results, Joins Nurix Therapeutics And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Author: Avi Kapoor | April 12, 2024 08:04am

U.S. stock futures were lower this morning, with the Dow futures falling over 50 points on Friday.

Shares of Applied Digital Corporation (NASDAQ:APLD) fell sharply in today’s pre-market trading after the company reported worse-than-expected third-quarter financial results.

Applied Digital posted a quarterly loss of 24 cents per share, versus a year-ago loss of 10 cents per share. The company’s quarterly sales came in at $43.35 million versus expectations of $51.92 million, according to data from Benzinga Pro.

Applied Digital shares dipped 9.1% to $2.79 in pre-market trading.

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

Tevogen Bio Holdings Inc. (NASDAQ:TVGN) shares declined 8.5% to $2.26 in pre-market trading.
Nurix Therapeutics, Inc. (NASDAQ:NRIX) shares declined 6.3% to $16.12 pre-market trading after the company priced its upsized $175m public offering of 10,166,667 common shares at $15 per share.
XPeng Inc. (NYSE:XPEV) shares fell 4.6% to $7.89 in pre-market trading.
Taysha Gene Therapies, Inc. (NASDAQ:TSHA) shares fell 3.7% to $3.10 in pre-market trading.
Korea Electric Power Corporation (NYSE:KEP) shares declined 3.2% to $7.54 in pre-market trading after falling over 3% on Thursday.
Esperion Therapeutics, Inc. (NASDAQ:ESPR) shares fell 3.1% to $2.24 in pre-market trading after dipping 8% on Thursday.
JD.com, Inc. (NASDAQ:JD) shares fell 3% to $26.20 in pre-market trading.