Pinstripes, SoFi Technologies, and Other Stock Dips in Pre-Market Trading Pinstripes, SoFi Technologies, and Other Stock Dips in Pre-Market Trading

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U.S. stock futures opened lower this morning, with the Dow Jones futures slipping approximately 60 points on Wednesday.

After a staggering 22% surge in Tuesday’s trading, Pinstripes’ shares, under the ticker PNST on the NYSE, tumbled in pre-market trading following the closure of its business combination with Banyan Acquisition Corporation, which was overwhelmingly approved by Banyan’s stockholders on Dec. 27, 2023.

The company’s stock plummeted by 13% to $11.58 in pre-market trading.

Several other major stocks also recorded losses in today’s pre-market trading session. Notably, BlackLine, Inc. (ticker: BL) witnessed a 6.7% decline to $55.05, following a downgrade by Piper Sandler analyst Brent Bracelin from Neutral to Underweight. Aurora Innovation, Inc. (ticker: AUR) shares tumbled 6.4% to $3.49 after a downgrade from Goldman Sachs analyst Mark Delaney. Nukkleus Inc. (ticker: NUKK) and Nanobiotix S.A. (ticker: NBTX) both saw a 5.8% and 5.5% decline, respectively. Additionally, Fate Therapeutics, Inc. (ticker: FATE) and SoFi Technologies, Inc. (ticker: SOFI) recorded significant declines of 4.9% to $3.51 and 4.7% to $9.20, respectively. The latter was due to an analyst downgrade by Keefe, Bruyette & Woods. Nkarta, Inc. (ticker: NKTX) experienced a 3.1% decrease to $6.17 in pre-market trading after falling over 3% on Tuesday.

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Now read this: Investor Sentiment Edges Lower; Nasdaq Records Worst Session Since October

Don’t forget to check out our premarket coverage here


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