The morning welcomed higher U.S. stock futures, with Nasdaq futures skyrocketing by around 100 points on Monday.
The stock of Archer-Daniels-Midland Company ADM took a nosedive in today’s pre-market trading after the company announced the interim appointment of Ismael Roig as Chief Financial Officer.
Moreover, ADM adjusted its earnings per share forecast to $6.90 for the fiscal year ended December 2023.
Archer-Daniels-Midland shares plummeted by 9.6% to $61.67 in pre-market trading.
Several other major stocks also took a hit in today’s pre-market trading session.
- B. Riley Financial, Inc. RILY shares plunged by 17.5% to $16.63 in pre-market trading. B. Riley Financial released a statement in response to a Bloomberg article published on January 21st, 2024.
- HUYA Inc. HUYA shares dropped by 8.5% to $3.11 in pre-market trading. Last month, HUYA inked a definitive agreement to acquire a global mobile application service provider.
- Algoma Steel Group Inc. ASTL shares dipped by 8.3% to $8.32 in pre-market trading. Algoma Steel Group reported a collapse of a structure supporting utilities piping at their coke-making plant in the early hours of January 20th, 2024.
- XPeng Inc. XPEV saw its shares plummet by 7.4% to $8.93 in pre-market trading after declining over 2% on Friday.
- Zai Lab Limited ZLAB shares fell by 6.8% to $21.84 in pre-market trading.
- Canaan Inc. CAN shares declined by 6.7% to $1.68 in pre-market trading after declining over 2% on Friday.
- Corcept Therapeutics Incorporated CORT shares tumbled by 4.9% to $23.22 in pre-market trading. Corcept Therapeutics recently reported preliminary full-year 2023 revenue above estimates, issued 2024 revenue guidance above estimates, and announced a $200 million stock repurchase program.
- Dada Nexus Limited DADA shares saw a decline of 4.8% to $1.80 in pre-market trading after gaining 5% on Friday.
- Baidu, Inc. BIDU witnessed its shares fall by 4.3% to $98.23 in pre-market trading.
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