U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 250 points on Friday.

Shares of Alignment Healthcare Inc (NASDAQ:ALHC) fell sharply in pre-market trading after the CMS 2027 Medicare Advantage Part D Release downgraded the company’s largest California contract to 3.5 stars, making it ineligible for bonus payments.

Alignment Healthcare shares dipped 24.2% to $6.60 in pre-market trading.

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

  • Entera Bio Ltd (NASDAQ:ENTX) dropped 10.8% to $2.23 in pre-market trading.
  • AT&T Inc (NYSE:T) declined 7.7% to $22.94 in pre-market trading.
  • Verizon Communications Inc (NYSE:VZ) fell 7.3% to $42.99 in pre-market trading.
  • RenX Enterprises Corp (NASDAQ:RENX) declined 6.9% to $1.61 in pre-market trading as the company filed a registration statement to register the resale of up to 24.28 million shares of common stock by selling stockholders.
  • T-Mobile Us Inc. (NYSE:TMUS) declined 6.8% to $159.65 in pre-market trading.
  • Bradbury Capital Inc. (NASDAQ:BBCI) fell 6.3% to $7.03 in pre-market trading after dipping around 32% on Thursday.
  • UTime Ltd (NASDAQ:FXHO) dipped 6.1% to $11.00 in pre-market trading.
  • Vodafone Group PLC (NASDAQ:VOD) slipped 4.2% to $15.79 in pre-market trading.
  • Vera Therapeutics, Inc (NASDAQ:VERA) declined 3.7% to $28.63 in pre-market trading.

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