Rackspace Technology, AMC Entertainment And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

U.S. stock futures traded mixed this morning on Tuesday. Here are some big stocks recording losses in today’s pre-market trading session.

• SoundHound AI, Inc. SOUN shares dipped 7.9% to $2.69 in pre-market trading after declining around 8% on Monday.
• Rackspace Technology, Inc. RXT shares fell 7% to $2.39 in pre-market trading. Citigroup downgraded Rackspace Tech from Neutral to Sell and raised the price target from $1.25 to $1.5.
• Nanobiotix S.A. NBTX declined 5.6% to $9.50 in pre-market trading after gaining over 9% on Monday.
• Sportradar Group AG SRAD fell 5.4% to $14.19 in pre-market trading. Sportradar Group is expected to release its financial and operating results for the second quarter on Aug. 9, 2023.
• AMC Entertainment Holdings, Inc. AMC declined 5.3% to $5.54 in pre-market trading. AMC Entertainment shares gained 33% on Monday after a court rejected the company's proposed plan to convert preferred shares to common units and implement a stock split.
• Nayax Ltd. NYAX shares fell 4.4% to $20.51 in pre-market trading. Nayax is expected to release its second quarter 2023 earnings results on Aug. 9, 2023.

Now Read This: Investor Optimism Improves Further After Dow Rises For 11th Straight Session

Don’t forget to check out our premarket coverage here