HomeMarket NewsMicro Cap Stocks Major Stock Movements in Tuesday's Pre-Market Session Capital One...

Major Stock Movements in Tuesday’s Pre-Market Session Capital One Financial Announces Acquisition of Discover, Contributing to Stock Market Downturn

Actionable Trade Ideas

always free

image46

U.S. stock futures were lower this morning, with the Dow futures trading lower by around 50 points on Tuesday.

Shares of Capital One Financial Corporation COF fell sharply in today’s pre-market trading after the company announced its plans to purchase Discover Financial Services DFS, marking a pivotal $35.3 billion all-stock transaction.

Capital One Financial shares dipped 5.8% to 129.34 in pre-market trading.

Here are some big stocks recording losses in today’s pre-market trading session.

  • MicroCloud Hologram Inc. HOLO shares tumbled 26% to $49.14 in pre-market trading after jumping 114% on Friday.
  • Tevogen Bio Holdings Inc. TVGN shares dipped 18.8% to $7.72 in pre-market trading. Tevogen Bio recently announced an $8 million equity investment.
  • SSR Mining Inc. SSRM fell 14.6% to $4.19 in pre-market trading. SSR Mining is expected to release its fourth quarter financial results on Feb. 27, 2024. The company also issued an update on ongoing rescue efforts at the Çâpler mine in TΓΌrkiye.
  • Sasol Limited SSL shares fell 7.1% to $7.67 in pre-market trading.
  • Nano-X Imaging Ltd. NNOX shares declined 7.4% to $11.99 in pre-market trading after gaining 36% on Friday. Nvidia recently reported a 59,632 share stake in -X Imaging.
  • C4 Therapeutics, Inc. CCCC shares fell 5.5% to $7.54 in pre-market trading.
  • Bitfarms Ltd. BITF fell 4.4% to $3.45 in pre-market trading amid weakness in Bitcoin.

Β 

Now Read This: Investor Sentiment Falls Following PPI Data; US Stocks Snap 5-Week Win Streak

Don’t forget to check out our premarket coverage here


Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.