Maxeon Solar Technologies, Neogen And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining by around 0.2% on Tuesday.

Shares of Maxeon Solar Technologies, Ltd. MAXN fell sharply in today’s pre-market trading.

Maxeon Solar said it sees preliminary fourth-quarter revenue of $229 million versus market estimates of $235.959 million.

Maxeon Solar Technologies shares dipped 16.8% to $2.27 in pre-market trading.

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

• Neogen Corporation NEOG shares dipped 17% to $11.93 in pre-market trading after the company reported worse than expected third-quarter FY2024 earnings and cut 2024 guidance.
• Tilray Brands, Inc. TLRY shares fell 12.7% to $2.26 in pre-market trading after the company missed third-quarter estimates and said it no longer expects to generate positive adjusted free cash flow for the full fiscal year 2024.
• DigiAsia Corp. FAAS shares dipped 9.9% to $7.00 pre-market trading after surging over 20% on Monday.
• InMode Ltd. INMD shares fell 9.5% to $17.91 in pre-market trading. InMode is projected to release its financial results for the first quarter before the opening bell on Thursday, May 2, 2024.
• GCT Semiconductor Holding, Inc. GCTS shares fell 4% to $6.72 in pre-market trading after dipping 14% on Monday. GCT Semiconductor and Aramco, last week, signed an MOU to accelerate the development of the 4G and 5G ecosystem in Saudi Arabia.
• Rocket Companies, Inc. RKT shares declined 4% to $13.29 in pre-market trading after gaining around 7% on Monday.
• ChargePoint Holdings, Inc. CHPT fell 3.3% to $1.79 in pre-market trading. Goldman Sachs analyst Mark Delaney downgraded ChargePoint from Neutral to Sell and lowered the price target from $2 to $1.5.

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