U.S. Stock Futures Rise as Nasdaq Gains 90 Points
February 1, 2024 5:10 AM | 2 min read
U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 90 points on Thursday.
Shares of MaxLinear, Inc. (NYSE: MXL) fell sharply during Thursday’s pre-market trading after reporting fourth-quarter results. MaxLinear posted adjusted earnings of 1 cent per share, compared to market estimates of 1 cent per share. The company’s quarterly sales came in at $125.35 million versus expectations of $125.11 million, according to data from Benzinga Pro. As a result, MaxLinear shares dipped 13.4% to $18.00 in pre-market trading.
In addition to MaxLinear, several other big stocks recorded losses in today’s pre-market trading session:
1. ING Groep N.V. (NYSE: ING) shares declined 8.7% to $12.97 in pre-market trading following fourth-quarter results.
2. Nyxoah S.A. (NASDAQ: NYXH) shares tumbled 8.4% to $9.91 in pre-market trading after jumping around 33% on Wednesday.
3. Arcutis Biotherapeutics, Inc. (NASDAQ: ARQT) shares fell 8% to $5.40 in pre-market trading. Steven Cohen reported a 5.2% passive stake in Arcutis Biotherapeutics in a 13G Filing.
4. Rocket Lab USA, Inc. (NASDAQ: RKLB) shares declined 6.8% to $4.52 in pre-market trading after the company announced a proposed offering of $275 million convertible senior notes.
5. Wolfspeed, Inc. (NYSE: WOLF) shares fell 6.5% to $30.45 in pre-market trading following the company’s second-quarter earnings.
6. ZoomInfo Technologies Inc. (NASDAQ: ZI) fell 3.1% to $15.55 in pre-market trading. B of A Securities recently upgraded the stock from Neutral to Buy and raised its price target from $20 to $25.
7. Aflac Incorporated (NYSE: AFL) shares declined 2.1% to $82.55 in pre-market trading after the company reported worse-than-expected fourth-quarter financial results.
8. Sanofi (NASDAQ: SNY) fell 2% to $48.88 in pre-market trading after the company posted fourth-quarter results and named François-Xavier Roger as Chief Financial Officer.
These losses indicate a mixed market sentiment in pre-market trading, with some companies underperforming expectations. Investors will be closely watching these stocks throughout the trading day to see if they can recover from their pre-market losses.
Please note that this article is for informational purposes only and does not constitute investment advice.
