U.S. stock futures were higher this morning, with the Dow futures gaining around 250 points on Friday.
Shares of Netflix, Inc. (NASDAQ:NFLX) fell sharply in pre-market trading.
Netflix reported better-than-expected financial results for the first quarter of 2026 after the market close on Thursday. The company issued weak forecast for the second quarter and announced that chairman and co-founder Reed Hastings will not stand for re-election to the board when his term expires in June.
Netflix shares tumbled 9.6% to $97.40 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
- MMTec, Inc. (NASDAQ:MTC) dipped 8.5% to $5.50 in pre-market trading after dipping 34% on Thursday..
- Trevi Therapeutics, Inc. (NASDAQ:TRVI) fell 7.2% to $13.49 in pre-market trading. Trevi Therapeutics priced its $150 million offering of 11.6 million common shares at $13 per share for Haduvio development.
- Fluence Energy, Inc. (NASDAQ:FLNC) dipped 6.6% to $13.99 in pre-market trading.
- ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) fell 6.3% to $46.06 in pre-market trading after gaining 14% on Thursday.
- Weibo Corporation (NASDAQ:WB) fell 5.6% to $8.75 in pre-market trading. Weibo will hold annual general meeting on May 27.
- Bumble Inc. (NASDAQ:BMBL) fell 5.1% to $4.09 in pre-market trading. Bumble will announce first quarter 2026 financial results on May 5.
- Navitas Semiconductor Corporation (NASDAQ:NVTS) fell 3.8% to $11.90 in pre-market trading. Navitas Semiconductor will report first-quarter financial results on Tuesday, May 5.
- Alcoa Corporation (NYSE:AA) slipped 1.6% to $69.16 in pre-market trading as the company reported downbeat first-quarter results.
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