HomeMarket NewsMicro Cap StocksStocks Losing Ground in Pre-Market: Park Aerospace, Aehr Test Systems, and More

Stocks Losing Ground in Pre-Market: Park Aerospace, Aehr Test Systems, and More

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U.S. stock futures traded higher this morning on Friday. However, several notable stocks are experiencing losses in today’s pre-market trading session. Let’s dive into the details:

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1. Park Aerospace Corp (PKE)

Shares of Park Aerospace Corp are down 12.8% in pre-market trading, currently priced at $13.78. This decline follows the company’s quarterly results for the 2024 fiscal year second quarter. Park Aerospace reported earnings of $0.09 per share, consistent with the year-ago period. However, sales dropped from $13.88 million to $12.48 million in the same quarter.

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2. Aehr Test Systems (AEHR)

Aehr Test Systems’ stock is down 12.3% in pre-market trading, with a current price of $38.77. The company posted strong earnings and sales results for its first quarter and reiterated its previously issued guidance for FY24.

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3. Koninklijke Philips N.V. (PHG)

Shares of Koninklijke Philips N.V. declined 8% in pre-market trading, currently priced at $18.13. This drop is due to the US Food and Drug Administration’s request for additional tests on its sleep apnea devices.

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4. LG Display Co., Ltd. (LPL)

LG Display Co., Ltd. is down 3.3% in pre-market trading, with a current price of $4.40. The stock also experienced a 2% decline on Thursday.

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5. Frontline plc (FRO) and Euronav NV (EURN)

Frontline plc shares fell 3.1% to $18.12 in pre-market trading. Euronav NV has confirmed that the second shareholder, Compagnie Maritime Belge (CMB), offered to acquire Frontline’s 26.12% stake in the company for $18.43 per share. A mandatory public offer at the same price will follow.

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6. Levi Strauss & Co (LEVI)

Levi Strauss & Co stock is down 1.9% in pre-market trading, with a current price of $12.96. The company reported better-than-expected earnings for its third quarter, although sales fell short of estimates.

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For more information on high-yielding dividend stocks in the tech and telecom sector, check out our latest article featuring insights from Wall Street’s most accurate analysts.

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Don’t forget to check out our pre-market coverage for the latest updates on the stock market.

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