AMC Entertainment, Nikola, Cleveland-Cliffs And Other Big Stocks Moving Lower In Monday's Pre-Market Session
U.S. stock futures traded higher this morning on Monday. Here are some big stocks recording losses in today’s pre-market trading session.
AMC Entertainment Holdings Inc (NYSE:AMC) shares dipped 26.8% to $3.85 in pre-market trading after a crucial court ruling for the movie theater chain.
Aurora Acquisition Corp. (NASDAQ:AURC) dipped 16.7% to $29.87 in pre-market trading. Aurora Acquisition Co announced that Aurora’s shareholders voted to approve the proposed business combination with Better and each related proposal at an extraordinary general meeting of Aurora’s shareholders.
Xiao-I Corporation (NASDAQ:AIXI) shares tumbled 15.6% to $6.00 in pre-market trading after declining around 12% on Friday.
Nikola Corporation (NASDAQ:NKLA) shares declined 14.9% to $1.66 in pre-market. In response to a recent fire probe revealing the cause of fires, Nikola decided to halt sales and voluntarily recall 209 Class 8 battery-electric trucks.
WeWork Inc. (NYSE:WE) shares fell 6.9% to $0.19 in pre-market trading after gaining over 10% on Friday. The stock has been volatile after the company recently said there was substantial doubt over its ability to stay in business.
Cleveland-Cliffs Inc. (NYSE:CLF) shares declined 6.4% to $13.75 in pre-market trading. United States Steel Corp. (NYSE:X) rejected a buyout offer from rival steel manufacturer Cleveland-Cliffs but welcomed the latter to participate in a formal review process.
Standard Lithium Ltd. (NYSE:SLI) fell 5.5% to $3.99 in pre-market trading after declining around 6% on Friday.
Valneva SE (NASDAQ:VALN) shares fell 5.4% to $13.50 in pre-market trading as the company announced prescription drug user fee act date extension for chikungunya virus vaccine candidate.
The Mosaic Company (NYSE:MOS) shares fell 2.5% to $40.65 in pre-market trading. Barclays downgraded Mosaic from Equal-Weight to Underweight and announced a $40 price target.
U.S. Silica Holdings, Inc. (NYSE:SLCA) shares fell 2.5% to $12.41 in pre-market trading. U.S. Silica Holdings named Jay Moreau as Executive Vice President and COO, succeeding Mike Winkler effective Aug. 14.
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