Nike, Shutterstock And Other Big Stocks Moving Lower In Wednesday’s Pre-Market Session
Avi Kapoor 4 months ago
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US stock futures lower as Dow falls 100 points. Nike shares down 4% after Q4 results. Shutterstock, Optimum Communications, Cronos, and others also drop.
U.S. stock futures were lower this morning, with the Dow futures falling more than 100 points on Wednesday.
Shares of Nike Inc (NYSE:NKE) fell sharply in pre-market trading after the company reported fourth-quarter results for fiscal 2026.
Nike posted fourth-quarter revenue of $10.97 billion, beating analyst estimates of $10.86 billion, according to Benzinga Pro. The company reported adjusted earnings of 20 cents per share for the period, beating analyst estimates of 13 cents per share.
Nike shares fell 4% to $39.40 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
- Shutterstock Inc (NYSE:SSTK) shares dipped 28.3% to $9.99 in pre-market trading after Getty Images Holdings, Inc. (NYSE:GETY) said it plans to terminate its merger agreement with the company following regulatory pressure in the U.K.
- Optimum Communications Inc (NYSE:OPTU) fell 9% to $1.32 in pre-market trading after declining 5% on Tuesday.
- Generate Biomedicines Inc (NASDAQ:GENB) fell 8.7% to $15.40 in pre-market trading.
- CVB Financial Corp (NASDAQ:CVBF) declined 6.8% to $21.00 in pre-market trading.
- Cronos Group Inc (NASDAQ:CRON) tumbled 5.9% to $2.62 in pre-market trading. Cronos announced appointment of ATB Cormark as its broker for share repurchases in Canada.
- SL Science Holding Ltd (NASDAQ:SLBT) fell 5% to $4.55 in pre-market trading after jumping more than 40% on Tuesday.
- Papa John’s International Inc (NASDAQ:PZZA) fell 4.8% to $35.00 in pre-market trading following news that Chief Financial Officer Ravi Thanawala will step down, effective immediately.
- CorMedix Inc (NASDAQ:CRMD) fell 4.5% to $7.50 in pre-market trading.
- Energy Vault Holdings Inc (NYSE:NRGV) fell 3.4% to $4.55 in pre-market trading after gaining 5% on Tuesday.
Photo via Shutterstock