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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