Capri, Coursera, DexCom And Other Big Stocks Moving Lower In Friday's Pre-Market Session

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 0.3% on Friday.

Shares of Capri Holdings Limited CPRI fell sharply in today's pre-market trading following reports that a judge has blocked the company's pending merger with Tapestry.

Following an eight-day trial in which the U.S. Federal Trade Commission argued that a merger between Capri and Tapestry would remove competition from the U.S. handbag space, a U.S. judge has moved to block the pending merger, according to Reuters.

Capri shares tumbled 47.1% to $22.01 in pre-market trading.

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

• Coursera, Inc. COUR shares dipped 19.2% to $6.16 in today's pre-market trading after the company issued fourth-quarter revenue guidance below estimates and cut its FY24 revenue guidance,
• The Bancorp, Inc. TBBK shares declined 15.4% to $46.51 following downbeat quarterly results.
• Joby Aviation, Inc. JOBY dipped 8.1% to $5.55 in pre-market trading as the company announced the pricing of public offering of common stock.
• Tevogen Bio Holdings Inc. TVGN shares fell 7.8% to $2.36 in pre-market trading. Tevogen Bio recently announced its Artificial Intelligence effort, Tevogen AI, has joined Microsoft for Startups.
• DexCom, Inc. DXCM shares fell 6.6% to $69.89 in pre-market trading following third-quarter results.
• Sibanye Stillwater Limited SBSW declined 4.6% to $4.73 in pre-market trading after surging more than 12% on Thursday.
• The Boston Beer Company, Inc. SAM shares fell 4% to $289.80 in pre-market trading following third-quarter results.
• Masimo Corporation MASI shares fell 4% to $135.23 in pre-market trading. Masimo will report third quarter financial results, after the closing bell on Tuesday, Nov. 5.

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