US stock futures were on the rise this morning, with the Nasdaq futures gaining about 50 points on Monday. This optimistic start to the week comes after a Friday that saw some notable gains for certain companies. However, the tide seems to have turned for a handful of big names in today’s pre-market trading session.
Jin Medical International Ltd. (ZJYL) experienced a sharp downturn after surging around 55% on Friday. The company’s shares dipped 23.5% to $3.12 in pre-market trading. This significant decline suggests potential profit-taking or investor concerns after the previous day’s rally.
Several other stocks also saw losses in today’s pre-market session. Primega Group Holdings Limited (PGHL) shares declined 10.3% to $15.00, following a gain of over 5% on Friday. James Hardie Industries plc (JHX) shares slipped 6% to $39.49, despite a more than 8% gain on Friday. Korea Electric Power Corporation (KEP) shares fell 5.4% to $7.77. Genmab A/S (GMAB) shares dropped 4.3% to $24.44, continuing a downward trend from Friday’s 4% decline. Finally, Rezolve AI Limited (RZLV) shares fell 4.1% to $6.10, following a 9% decline on Friday. NIO Inc. (NIO) shares also saw a decline of 2.8% to $5.13 in pre-market trading.
It’s important to note that these are just pre-market movements and the actual performance of these stocks during regular trading hours might differ. Keep an eye out for further developments and market analysis to understand the reasons behind these significant pre-market fluctuations.
