Cassava Sciences, Biohaven 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 more than 300 points on Monday.

Shares of Cassava Sciences, Inc. SAVA fell sharply in today's pre-market trading after the company announced Simufilam did not show a significant reduction in cognitive or functional decline versus placebo in patients with mild-to-moderate Alzheimer’s disease in the ReThink-ALZ Phase 3 study.

Cassava Sciences shares dipped 85.6% to $3.82 in the pre-market trading session.

Here are some other stocks moving lower in pre-market trading.

• Centessa Pharmaceuticals PLC – ADR CNTA shares tumbled 12% to $15.00 in pre-market trading after falling 6% on Friday. On Nov. 12, Centessa Pharmaceuticals reported a quarterly loss of 37 cents per share.
• Biohaven Ltd. BHVN fell 11% to $40.60 in pre-market trading after the company announced its treatment arm of the RESILIENT SMA study did not statistically separate on the primary outcome at Week 48 compared to the placebo+standard of care group.
• ZIM Integrated Shipping Services Ltd. ZIM shares dipped 6.9% to $22.15 in pre-market trading. ZIM Integrated Shipping Services, last week, reported better-than-expected third-quarter financial results and raised its FY24 adjusted EBIT and EBITDA guidance.
• i3 Verticals, Inc. IIIV shares declined 6.6% to $22.11 in pre-market trading. The company, last week, posted downbeat quarterly results.
• ChromaDex Corporation CDXC fell 5.9% to $7.00 in pre-market trading.
• Fitell Corporation FTEL shares declined 4.9% to $24.00 in pre-market trading after gaining around 6% on Friday.
• Logility Supply Chain Solutions, Inc. LGTY fell 4.4% to $9.31 in pre-market trading. Logility Supply Chain Solutions shares dipped 13% on Friday after the company reported worse-than-expected second-quarter revenue results and issued FY25 revenue guidance below estimates.
• Kingsoft Cloud Holdings Limited KC fell 4.3% to $6.90 in today's pre-market trading after jumping around 25% on Friday. Kingsoft Cloud, last week, reported a fiscal third-quarter 2024 revenue of 1.89 billion Chinese yuan ($268.7 million), up by 16.0% year-on-year, beating the analyst consensus estimate of $247.46 million

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