U.S. stock futures welcomed a brighter dawn today, seeing Nasdaq futures rise by about 70 points on Tuesday.
In today’s somber pre-market dance, Dada Nexus Limited DADA slipped on a banana peel, reporting disappointing fourth-quarter results.
The company’s shareholders were rocked as the board approved a share repurchase program snatching back up to $40 million in American Depository Shares until March 2026.
Dada Nexus shares took a nosedive of 9.1% to $2.30 during pre-market theatrics.
Joining the gloomy symphony, here are some other heavyweight contenders showcasing an unfortunate downward spiral in today’s pre-market trading tussle.
- GDS Holdings Limited GDS slumped 6.1% to $7.86 in pre-market action. The audience awaits their fourth-quarter and full-year 2023 financial performance with bated breath.
- Star Bulk Carriers Corp. SBLK watched its shares dwindle by 4.4% to $23.30 in the pre-market limelight.
- FinVolution Group FINV tumbled 3.9% to $4.74 during pre-market hours, still reeling from their despondent quarterly sales spectacle last week.
- M&T Bank Corporation MTB witnessed a 3.7% retreat to $137.00 during pre-market trading. M&T Bank plans to unveil their first-quarter 2024 earnings on Monday, April 15, 2024.
- Tilray Brands, Inc. TLRY slipped 3.3% to $2.08 in pre-market trading, following a 7% plunge on Monday after Germany signaled the green light for adult cannabis consumption.
- MINISO Group Holding Limited MNSO slouched 2.6% to $20.12 during pre-market shenanigans. MINISO Group had managed to dazzle with better-than-expected second-quarter financial fireworks recently.
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