Oxford Industries Posts Weak Results, Joins Applied Therapeutics And Other Big Stocks Moving Lower In Monday's Pre-Market Session

U.S. stock futures were higher this morning, with the Dow futures gaining by over 100 points on Monday.

Shares of Oxford Industries, Inc. OXM fell sharply in today’s pre-market trading as the company reported downbeat financial results for its fourth quarter and issued weak guidance for the first quarter.

Oxford Industries posted adjusted earnings of $1.90 per share, missing market estimates of $1.95 per share. The company’s sales came in at $404.40 million versus expectations of $408.18 million, according to data from Benzinga Pro.

Oxford Industries shares plunged 6% to $105.68 in pre-market trading.

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

• Applied Therapeutics, Inc. APLT shares tumbled 14.7% to $5.80 in pre-market trading after the company announced that the FDA extended the review period for the NDA for govorestat for the treatment of Classic Galactosemia by three months.
• CleanSpark, Inc. CLSK shares fell 12.3% to $18.60 in pre-market trading after declining over 8% on Thursday. Cantor Fitzgerald analyst Josh Siegler maintained Cleanspark with an Overweight and raised the price target from $10 to $20 on Thursday.
• Trump Media & Technology Group Corp. DJT shares declined 4.9% to $58.95 in pre-market trading on continued volatility following the stock's Nasdaq debut.
• Ocugen, Inc. OCGN shares fell 4.8% to $1.56 in pre-market trading after declining around 8% on Thursday.
• MicroStrategy Incorporated MSTR shares fell 4.5% to $1,627.53 in pre-market trading. MicroStrategy shares fell over 11% on Thursday following a short report from Kerrisdale Capital.
• Bit Digital, Inc. BTBT shares declined 4.2% to $2.75 in pre-market trading after gaining around 15% on Thursday.
• Toyota Motor Corporation TM shares fell 3.6% to $242.68 in pre-market trading. Toyota Motor said its worldwide sales, including Lexus, fell 6.9% in February.
• Cipher Mining Inc. CIFR shares declined 3.7% to $4.96 in pre-market trading after falling over 3% on Thursday. Canaccord Genuity analyst Joseph Vafi reiterated Cipher Mining with a Buy and maintained a $5.5 price target.

Now Read This: Oxford Industries, PVH And 3 Stocks To Watch Heading Into Monday

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