News Detail

Rambus, Fabrinet, NXP Semiconductors And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Benzinga · 02/03 13:03

Listen to the news

U.S. stock futures were mostly higher this morning, with the Nasdaq 100 futures gaining around 100 points on Tuesday.

Shares of Rambus Inc (NASDAQ:RMBS) fell sharply in pre-market trading after the company reported fourth-quarter financial results and issued first-quarter sales guidance with its midpoint below estimates.

Rambus reported quarterly earnings of 68 cents per share which met the analyst consensus estimate. The company reported quarterly sales of $190.200 million which beat the analyst consensus estimate of $187.563 million.

Rambus shares dipped 14.2% to $97.59 in pre-market trading.

Here are some other stocks moving lower in pre-market trading.

C3is Inc (NASDAQ:CISS) declined 13.9% to $1.68 in pre-market trading after gaining around 7% on Monday.
Phoenix Asia Holdings Ltd (NASDAQ:PHOE) shares dipped 11.8% to $15.52 in pre-market trading after falling more than 86% on Monday.
Relx PLC (NYSE:RELX) shares fell 7.1% to $33.03 in pre-market trading.
Vista Energy SAB de CV – ADR (NYSE:VIST) fell 6.8% to $56.15 in pre-market trading.
Fabrinet (NYSE:FN) shares fell 6.7% to $466.10 in pre-market trading following second-quarter results.
Axalta Coating Systems Ltd (NASDAQ:AXTA) shares declined 5.5% to $31.71 in pre-market trading.
High Templar Tech Ltd (NYSE:HTT) fell 5.2% to $2.72 in pre-market trading.
NXP Semiconductors NV (NASDAQ:NXPI) dipped 5.1% to $219.48 in pre-market trading after the company posted fourth-quarter results.
WPP PLC (NYSE:WPP) fell 4.7% to $19.65 in pre-market trading.

Photo via Shutterstock

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.

What's Trending

No content on the Webull website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.