Perion Network Cuts Sales Outlook, Joins Range Resources And Other Big Stocks Moving Lower In Monday's Pre-Market Session
U.S. stock futures were mixed this morning, with the Dow futures falling by around 10 points on Monday.
Shares of Perion Network Ltd. (NASDAQ:PERI) fell sharply in today’s pre-market trading after the company slashed FY24 revenue guidance.
Perion Network said it sees first-quarter revenue of $157 million, versus market estimates of $175.53 million. The company said it now expects FY24 revenue of $590 million to $610 million, versus prior outlook of $860 million to $880 million.
Perion Network shares dipped 37.6% to $13.17 in pre-market trading.
Here are some big stocks recording losses in today’s pre-market trading session.
- BRC Inc. (NYSE:BRCC) shares fell 7.8% to $4.38 in pre-market trading after gaining over 5% on Friday.
- Range Resources Corporation (NYSE:RRC) shares declined 7.3% to $32.46 in pre-market trading. Range Resources is expected to release its first quarter 2024 financial results on April 23 after the closing bell.
- Cerus Corporation (NASDAQ:CERS) fell 4.9% to $1.78 in pre-market trading. On March 26, Cerus announced the FDA approval of extended shelf life for INTERCEPT platelet processing sets, doubling previous shelf life.
- Oil States International, Inc. (NYSE:OIS) shares declined 4.5% to $6.15 in pre-market trading after gaining around 4% on Friday.
- Tevogen Bio Holdings Inc. (NASDAQ:TVGN) fell 3.8% to $2.81 in pre-market trading after dipping 14% on Friday.
- Rentokil Initial plc (NYSE:RTO) climbed 3.8% to $29.04 in pre-market trading.
- Baidu, Inc. (NASDAQ:BIDU) fell 3% to $103.30 in pre-market trading.
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