U.S. stock futures traded mostly lower this morning. Here are some big stocks recording losses in today’s pre-market trading session.
- Credit Suisse Group AG CS dropped 57.8% to $0.8486 in pre-market after UBS agreed to buy bank for $3 billion.
- Opendoor Technologies Inc. OPEN shares dipped 17.4% to $1.330 in pre-market trading after dropping around 4% on Friday.
- First Republic Bank FRC shares tumbled 13.1% to $20.00 in pre-market trading. S&P Global reportedly downgraded the credit ratings of First Republic Bank deeper into junk status on Sunday and said the recent $30 billion deposit infusion from 11 big banks may not solve its liquidity issues.
- Sangamo Therapeutics, Inc. SGMO declined 10% to $1.81 in pre-market trading after declining over 5% on Friday.
- UBS Group AG UBS shares dropped 7.6% to $16.81 in pre-market trading. UBS agreed to buy Credit Suisse for $3 billion.
- American Lithium Corp. AMLI shares declined 7.5% to $2.21 in pre-market trading after declining over 2% on Friday.
- Solo Brands, Inc. DTC dipped 6.3% to $5.98 in pre-market trading after gaining over 7% on Friday.