Stock Market Roller Coaster: Logitech, B. Riley Financial, and Other Giants Retreat in Pre-Market Arena

U.S. stock futures were relatively higher this morning, with the Nasdaq futures showing an increase of around 100 points on Monday.

Logitech International S.A. (NASDAQ: LOGI) witnessed a decline in today’s pre-market trading session.

The departure of CFO Chuck Boynton and the reaffirmation of its 2024 financial outlook by Logitech put pressure on its shares, leading to a 4.8% drop to $90.14 in pre-market trading.

Several other significant stocks also recorded losses in today’s pre-market session:

• B. Riley Financial, Inc. (NASDAQ: RILY) saw its shares dip by 11% to $15.65 in pre-market trading due to the company’s failure to file its audited results after the extended deadline.
• Nanobiotix S.A. (NASDAQ: NBTX) witnessed a significant 10.8% decline to $6.19 in pre-market trading following a 10% gain on Friday.
• Shift4 Payments, Inc. (NASDAQ: FOUR) experienced a 9.1% decrease to $70.50 in pre-market trading after the CEO, Jared Isaacman, expressed dissatisfaction with the valuation offered by potential acquirers.
• AlTi Global, Inc. (NASDAQ: ALTI) shares fell by 6.7% to $5.90 in pre-market trading as the company reported a fourth-quarter loss of 87 cents per share, compared to a loss of 21 cents per share in the same period last year, with quarterly sales totaling $91.71 million.
• Li Auto Inc. (NASDAQ: LI) dropped 5.8% to $35.57 in pre-market trading after a 3% increase on Friday.
• Geron Corporation (NASDAQ: GERN) witnessed a 5.1% decline to $3.19 in pre-market trading following a 92% surge on Friday, spurred by positive news related to the FDA Oncologic Drugs Advisory Committee’s vote in favor of imetelstat.
• Sibanye Stillwater Limited (NYSE: SBSW) saw its shares fall by 3.8% to $4.35 in pre-market trading.

 

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