VF Corp Posts Weak Q4 Results, Joins NetEase, Cytokinetics And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

5/23/24 5:39:33 AM ET

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U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 150 points on Thursday.

Shares of V.F. Corporation (NYSE:VFC) fell sharply in today's pre-market trading following worse-than-expected fourth-quarter financial results.

VF Corp. reported quarterly losses of 32 cents per share which missed the analyst consensus estimate of earnings of 1 cent per share. Quarterly sales came in at $2.37 billion which missed the analyst consensus estimate of $2.41 billion, according to data from Benzinga Pro.

The company appointed Paul Vogel as CFO, effective July 8, 2024.

V.F. Corporation shares tumbled 15.2% to $10.46 in pre-market trading.

Here are some big stocks recording losses in today's pre-market trading session.

Cytokinetics, Incorporated (NASDAQ:CYTK) shares dipped 14.7% to $50.55 in pre-market trading. Cytokinetics priced its public offering of 9,803,922 common stock at $51 per share.
Solowin Holdings (NASDAQ:SWIN) shares fell 8.7% to $36.01 in pre-market trading after gaining around 5% on Wednesday.
National Grid plc (NYSE:NGG) shares fell 8.3% to $66.05 in pre-market trading.
Live Nation Entertainment, Inc. (NYSE:LYV) shares declined 6.3% to $95.01 in pre-market trading. The U.S. Department of Justice will announce antitrust action against Live Nation as soon as Thursday, according to Washington Post.
GLOBALFOUNDRIES Inc. (NASDAQ:GFS) shares fell 6.3% to $51.75 in pre-market trading. GlobalFoundries announced pricing of $950 million secondary offering of ordinary shares, including concurrent $200 million share repurchase.
Bloom Energy Corporation (NYSE:BE) shares fell 5.8% to $16.00 in pre-market trading after the company announced a private offering of $250 million green convertible senior notes due 2029 to qualified institutional buyers.
NetEase, Inc. (NASDAQ:NTES) shares fell 4.6% to $93.85 in pre-market trading after the company reported worse-than-expected first-quarter revenue.

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Recent Analyst Ratings for

Company	Date	Price Target	Rating	Analyst
GlobalFoundries Inc. $GFS	11/20/2024	$47.00	Neutral	UBS
Bloom Energy Corporation $BE	11/20/2024	$24.50	Buy → Hold	HSBC Securities
Bloom Energy Corporation $BE	11/15/2024	$10.00 → $20.00	Neutral → Overweight	Piper Sandler
Cytokinetics Incorporated $CYTK	11/8/2024	$80.00	Outperform	RBC Capital Mkts
V.F. Corporation $VFC	10/29/2024	$19.00 → $21.00	Market Perform	Telsey Advisory Group
GlobalFoundries Inc. $GFS	10/28/2024	$53.00 → $43.00	Overweight → Equal-Weight	Morgan Stanley
V.F. Corporation $VFC	10/14/2024	$16.00 → $15.00	Equal Weight → Underweight	Wells Fargo
V.F. Corporation $VFC	10/11/2024	$20.00	Neutral	Goldman

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VF Corp Posts Weak Q4 Results, Joins NetEase, Cytokinetics And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

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$BE$CYTK$GFS$LYV Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Carucci Richard bought $250,500 worth of shares (15,000 units at $16.70), increasing direct ownership by 7% to 230,178 units (SEC Form 4)

Director Carucci Richard bought $344,495 worth of shares (25,000 units at $13.78), increasing direct ownership by 13% to 215,130 units (SEC Form 4)

President & Chief Exec Officer Darrell Bracken bought $997,408 worth of shares (75,200 units at $13.26), increasing direct ownership by 52% to 219,972 units (SEC Form 4)

$BE$CYTK$GFS$LYV Financials

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NetEase Announces Third Quarter 2024 Unaudited Financial Results

Youdao Reports Third Quarter 2024 Unaudited Financial Results

Bloom Energy Reports Third Quarter 2024 Financial Results

$BE$CYTK$GFS$LYV Leadership Updates

Live Leadership Updates

National Grid appoints Steve Smith as Chief Strategy and Regulation Officer

InspIR Group Appoints Industry Veteran to Broaden the Firm's Senior Advisory Capability

Barbara Burger, Ph.D., Former Vice President, Innovation and President of Chevron Technology Ventures, Joins Bloom Energy Board of Directors

$BE$CYTK$GFS$LYV Large Ownership Changes

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$BE$CYTK$GFS$LYV Analyst Ratings

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$BE$CYTK$GFS$LYV SEC Filings

SEC Form SC 13G filed by Live Nation Entertainment Inc.

SEC Form SC 13G filed by Cytokinetics Incorporated

Amendment: SEC Form SC 13G/A filed by Bloom Energy Corporation

UBS initiated coverage on GlobalFoundries with a new price target

Bloom Energy downgraded by HSBC Securities with a new price target

Bloom Energy upgraded by Piper Sandler with a new price target

SEC Form 6-K filed by GlobalFoundries Inc.

SEC Form 144 filed by Bloom Energy Corporation

SEC Form 424B5 filed by Solowin Holdings

$BE$CYTK$GFS$LYV Press Releases

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SOLOWIN Signs Strategic Partnership with Zodia Custody to Facilitate Hong Kong's Digital Asset Ecosystem

National Grid appoints Steve Smith as Chief Strategy and Regulation Officer

GlobalFoundries and U.S. Department of Commerce Announce Award Agreement on CHIPS Act Funding for Essential Chip Manufacturing

$BE$CYTK$GFS$LYV Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Zervigon Eddy sold $478,400 worth of shares (20,000 units at $23.92), decreasing direct ownership by 18% to 91,161 units (SEC Form 4)

Officer Soderberg Shawn Marie sold $31,658 worth of shares (1,289 units at $24.56), decreasing direct ownership by 0.76% to 168,561 units (SEC Form 4)

President & CEO Blum Robert I exercised 5,000 shares at a strike of $6.67 and sold $252,750 worth of shares (5,000 units at $50.55) (SEC Form 4)

$BE$CYTK$GFS$LYV Market Insights

Live Market Insights

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