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Instacart, ARS Pharmaceuticals And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

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Good morning! Letโ€™s take a look at how the stock market is faring today. In the pre-market session, several big stocks are experiencing declines. Here are the details:

  • First up, we have ARS Pharmaceuticals, Inc. (ticker: SPRY), whose shares have dropped by a significant 46.8% to $3.51. This decline comes after the FDA issued a Complete Response Letter for ARS Pharmaโ€™s neffyยฎ Epinephrine nasal spray, requesting additional study.
  • Next, we have Revance Therapeutics, Inc. (ticker: RVNC), whose shares are down 5.8% to $13.01. Yesterday, the company announced plans to exit the OPUL payments business, resulting in a 17% drop in share price and an expected restructuring charge of up to $7 million.
  • Instacart, also known as Maplebear Inc. (ticker: CART), is another stock experiencing a decline. Its shares have fallen by 4.4% to $32.21 in pre-market trading. Despite gaining 12% yesterday, Instacart priced its IPO at $30 per share, which was at the top end of the expected range.
  • Meta Data Limited (ticker: AIU) is down 4% to $0.96 in pre-market trading, following a 5% decline yesterday.
  • Nikola Corporation (ticker: NKLA) is also in the red, with shares dropping 3.2% to $1.50. The company recently announced the appointment of a new chief operating officer.
  • Lastly, we have Toyota Motor Corporation (ticker: TM), whose shares are down 2.6% to $190.06 in pre-market trading, after a 3% increase yesterday.

If youโ€™re interested in keeping up with the latest stock market news, check out our coverage of the Fear & Greed Index, which remains in the โ€˜Neutralโ€™ zone ahead of the Fedโ€™s decision.

Donโ€™t miss our premarket coverage for more insights and updates!

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