U.S. stock futures were lower this morning, with the Dow futures falling around 250 points on Monday.

Shares of AST SpaceMobile Inc (NASDAQ:ASTS) fell sharply in pre-market trading after the company said its BlueBird 7 satellite, launched aboard the New Glenn launch vehicle, was placed into a lower-than-planned orbit during the New Glenn 3 mission.

Although the satellite separated and powered on, the altitude is too low for sustained operations, and it will be de-orbited. The company expects to recover the satellite’s cost through insurance.

AST SpaceMobile shares dipped 13.5% to $73.95 in pre-market trading.

Here are some other stocks moving lower in pre-market trading.

  • SBC Medical Group Holdings Inc (NASDAQ:SBC) fell 35.4% to $2.90 in pre-market trading after the company announced pricing of secondary public offering of 3.1 million shares of common stock.
  • Matrix Service Co (NASDAQ:MTRX) declined 17.6% to $10.05 in pre-market trading.
  • Fermi Inc (NASDAQ:FRMI) shares dipped 14.2% to $5.61 in pre-market trading. Fermi announced “Fermi 2.0” strategic evolution, new board chairman, leadership transitions, and new office locations.
  • Corvex, Inc (NASDAQ:MOVE) tumbled 13.1% to $14.25 in pre-market trading.
  • Beasley Broadcast Group Inc (NASDAQ:BBGI) dipped 12.3% to $18.78 in pre-market trading after jumping 54% on Friday.
  • Energy Focus Inc (NASDAQ:EFOI) fell 12.2% to $5.70 in pre-market trading. Energy Focus shares jumped over 210% on Friday after the company outlined multi-year progress on data center infrastructure work and pointed to a growing project pipeline tied to AI-ready facilities.
  • Valley National Bancorp (NASDAQ:VLY) declined 6.9% to $12.60 in pre-market trading. Piper Sandler analyst Manuel Navas assumed Valley National Bancorp with an Overweight rating and announced a price target of $15.5.
  • Sidus Space Inc (NASDAQ:SIDU) dipped 6.2% to $5.02 in pre-market trading. Sidus Space announced pricing of $58.5 million registered direct offering of Class A common stock.
  • Mercantile Bank Corp (NASDAQ:MBWM) fell 6% to $50.49 in pre-market trading. – Mercantile Bank will host a conference call and webcast on Tuesday, April 21, to discuss first quarter financial results.
  • Strive Inc (NASDAQ:ASST) fell 5.6% to $14.73 in pre-market trading after jumping 12% on Friday.
  • NuCana PLC (NASDAQ:NCNA) fell 5.5% to $2.12 in pre-market trading.
  • Zura Bio Ltd (NASDAQ:ZURA) declined5.3% to $5.50 in pre-market trading.

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