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FedEx, Cerebras Systems And Other Big Stocks Moving Lower In Wednesday’s Pre-Market Session

Benzinga · 06/24 12:03

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U.S. stock futures were mixed this morning, with the Nasdaq 100 futures gaining more than 100 points on Wednesday.

Shares of FedEx Corp (NYSE:FDX) fell sharply in pre-market trading following fourth-quarter results.

FedEx reported better-than-expected earnings for the fourth quarter of fiscal 2026 after the market closed on Tuesday. However, the company said operating margin in the Federal Express segment shrank to 7.7% from 8.4% a year ago.

FedEx delivered fourth-quarter revenue of $25 billion, beating analyst estimates of $24.04 billion, according to Benzinga Pro. The company posted adjusted earnings of $6.31 per share, beating estimates of $5.96 per share.

FedEx shares dipped 6.7% to $295.92 in pre-market trading.

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

Cerebras Systems Inc (NASDAQ:CBRS) shares dipped 13.6% to $195.78 in pre-market trading after reporting first-quarter results.
D.R. Horton Inc (NYSE:DHI) tumbled 11% to $138.99 in pre-market trading.
Spyre Therapeutics Inc (NASDAQ:SYRE) declined 9.3% to $88.00 in pre-market trading. Deutsche Bank analyst David Hoang, on Tuesday, maintained Spyre Therapeutics with a Buy and raised the price target from $115 to $135.
Ecarx Holdings Inc. (NASDAQ:ECX) shares fell 6.1% to $1.08 in pre-market trading after gaining over 12% on Tuesday.
MoonLake Immunotherapeutics (NASDAQ:MLTX) dipped 4.9% to $20.18 in pre-market trading as the company announced pricing of upsized $200 million public offering.
AnaptysBio Inc (NASDAQ:ANAB) fell 4.8% to $56.60 in pre-market trading.
Shinhan Financial Group Co Ltd (NYSE:SHG) declined 4.2% to $62.53 in pre-market trading.
TOYO Co., Ltd (NASDAQ:TOYO) fell 4% to $12.42 in pre-market trading after gaining over 10% on Tuesday.
Iperionx Ltd (NASDAQ:IPX) fell 3.6% to $27.76 in pre-market trading after declining over 5% on Tuesday.
Tyson Foods Inc (NYSE:TSN) slipped 3.4% to $55.49 in pre-market trading. Tyson Foods said it will release third quarter financial results on Monday, Aug. 3.

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