Rivian Automotive Reports Q4 Loss, Joins Etsy, Lucid Group And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

U.S. stock futures were higher this morning, with the Nasdaq futures trading higher by around 2% on Thursday.

Shares of Rivian Automotive, Inc. RIVN fell sharply in today’s pre-market trading after the company reported a wider-than-expected loss for its fourth quarter and announced plans to reduce its salaried workforce by around 10% to help further improve costs. The company said it sees production of 57,000 vehicles in 2024.

Rivian Automotive shares dipped 14.3% to $13.17 in pre-market trading.

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

• Etsy, Inc. ETSY fell 11.3% to $68.44 in pre-market trading after the company reported mixed fourth-quarter financial results.
• Lucid Group, Inc. LCID shares fell 8.2% to $3.40 in pre-market trading after the company reported mixed fourth-quarter financial results and issued guidance.
• RAPT Therapeutics, Inc. RAPT fell 6.8% to $9.49 in pre-market trading after surging 48% on Wednesday. The company recently announced the FDA placed a clinical hold on its Phase 2b trial of zelnecirnon.
• Gold Fields Limited GFI shares declined 6.3% to $12.67 in pre-market trading.
• Sunrun Inc. RUN shares fell 5.9% to $14.66 in pre-market trading after the company reported worse-than-expected fourth-quarter financial results and announced a proposed private offering of $475 million of convertible senior notes.
• Sunnova Energy International Inc. NOVA fell 4.3% to $11.19 in pre-market trading following weak quarterly results.

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