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Stocks Spiraling Downward in Monday’s Pre-Market Session

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The pre-market session took a dive this morning, with the Dow Jones futures slipping around 80 points on Monday.

In a disappointing turn, Pagaya Technologies Ltd. PGY saw their shares plummet in pre-market trading following the announcement of a CFO transition.

The company made known that Michael Kurlander, Chief Financial Officer, has made an unanticipated exit from his role to pursue opportunities elsewhere. The company has appointed Deputy Chief Financial Officer Evangelos Perros as the Interim Chief Financial Officer.

Pagaya Technologies suffered a significant drop of 5.8% to $1.29 in pre-market trading

In addition, some other significant stocks recorded steep losses in today’s pre-market trading session.

  • TeraWulf Inc. WULF witnessed a 4.8% decline to $1.20 in pre-market trading after surging around 15% on Friday. TeraWulf recently reported a narrower loss for the third quarter.
  • Applied Optoelectronics, Inc. AAOI fell 4% to $12.52 in pre-market trading.
  • Marathon Digital Holdings, Inc. MARA shares experienced a 2.7% dip to $11.10 in pre-market trading amid weakness in Bitcoin.
  • Livent Corporation LTHM fell 2.3% to $13.32 in pre-market trading.
  • Foot Locker, Inc. FL shares slumped 2% to $22.87 in pre-market trading after an increase of more than 3% on Friday.

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For more information, read: NetApp Likely To Report Lower Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Do not neglect to browse through our premarket coverage here

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