Stock Market Moves: Intel, XPeng, and Other Heavyweights Dip in Wednesday’s Pre-Market Session

U.S. stock futures were trending lower this morning, particularly with the Nasdaq futures slipping by about 0.2% on Wednesday.

Shares of Intel Corporation INTC saw a sharp decline in today’s pre-market trading after the company unveiled a new financial framework for its foundry business.

After the market closed on Tuesday, Intel introduced a new financial reporting structure designed to enhance cost discipline and boost returns by providing more transparency, accountability, and incentives across the business.

Intel shares dropped by 4.8% to $41.85 in pre-market trading.

• Here are several major stocks facing losses in today’s pre-market trading session.
• Mesoblast Limited MESO witnessed a tumble of 13.1% to $5.73 in pre-market trading after enjoying an 8% increase on Tuesday.
• Fractyl Health, Inc. GUTS fell by 9.1% to $6.13 in pre-market trading following a decline of approximately 10% on Tuesday. The company recently secured FDA IDE approval for the Revita Remain-1 pivotal study and later rebounded after disclosing Q4 financial results.
• Nikola Corporation NKLA shares shrank by 7.3% to $0.9027 in pre-market trading after dropping more than 5% on Tuesday.
• Nuvation Bio Inc. NUVB shares declined by 5.8% to $3.25 in pre-market trading after falling over 6% on Tuesday. Nuvation Bio had announced the appointment of Colleen Sjogren as Chief Commercial Officer just last week.
• Shinhan Financial Group Co., Ltd. SHG shares went down by 5.6% to $31.47 in pre-market trading.
• XPeng Inc. XPEV observed a 3.2% decline to $7.35 in pre-market trading. XPeng recently announced delivery of 9,026 Smart EVs in March, marking a 99% increase from the prior month and a 29% rise year-over-year.
• Li Auto Inc.LI shares slipped by 3% to $ 30.11 in pre-market trading. Li Auto reported March vehicle deliveries of 28,984, showing a 39.2% increase compared to the previous year.

 

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