Vipshop, Hesai Group And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

U.S. stock futures were mixed this morning, with the S&P 500 futures gaining around 0.1% on Tuesday.

Shares of Vipshop Holdings Limited VIPS fell sharply in today's pre-market trading after reporting second-quarter results.

Vipshop reported second-quarter sales of $3.7 billion, down by 3.6% year-on-year, which topped the Wall Street view of $3.66 billion. Vipshop Holdings registered adjusted earnings per ADS of 54 cents, which aligns with the analyst consensus.

For the third quarter of 2024, the company expects its total net revenues to be between RMB20.5 billion-RMB21.6 billion, representing a year-over-year decrease of approximately 10%-5% versus consensus of RMB22.9 billion.

Vipshop shares dipped 7.2% to $13.00 in pre-market trading.

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

• Jiayin Group Inc. JFIN shares declined 6.9% to $5.65 in pre-market trading.
• ATRenew Inc. RERE shares fell 6.7% to $2.65 in pre-market trading following second-quarter results.
• Sasol Limited SSL shares fell 4.8% to $7.20 in pre-market trading after the company reported financial results for the year ended 30 June, 2024.
• ExlService Holdings, Inc. EXLS shares fell 4% to $34.04 in pre-market trading.
• Hesai Group HSAI shares slipped 3.8% to $4.36 in pre-market trading following second-quarter results.
• Alvotech ALVO shares declined 3.4% to $12.55 in pre-market trading. Alvotech, last week, reported a year-over-year increase in H1 financial results.
• Rezolve AI Limited RZLV declined 2.4% to $8.00 in pre-market trading after dipping over 18% on Monday.

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