WEB Applied Materials, Amcor, RLX Technology and Other Big Stocks Moving Lower in Friday's Pre-Market Session
Stock Futures Mixed, SP 500 Futures Down 0.1%
Stock futures were mixed this morning with the SP 500 futures falling around 0.1% on Friday. Here are some big stocks recording losses in today's pre-market.
WEB Applied Materials
WEB Applied Materials shares fell 3.1% to $120.25 in pre-market trading. The company forecast fourth-quarter revenue slightly above Wall Street estimates on Thursday, anticipating a surge in AI-fueled demand for its chipmaking equipment.
WEB Applied Materials stock is up sharply after posting strong Q1 earnings and Q2 guidance. The stock has been on an eye-popping rally, but the recent pullback could be a buying opportunity for investors.
Amcor
Amcor shares fell 2.5% to $16.20 in pre-market trading. The company reported a 10% increase in quarterly revenue, but profits missed analysts' estimates. Amcor is a global leader in packaging solutions, and the stock has been under pressure in recent months due to concerns about the global economy.
RLX Technology
RLX Technology shares fell 4% to $9.20 in pre-market trading. The company reported a 20% increase in quarterly revenue, but profits missed analysts' estimates. RLX Technology is a leading e-cigarette company in China, and the stock has been under pressure in recent months due to regulatory concerns.
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