U.S. stock futures were lower this morning, with the Dow futures falling around 200 points on Tuesday.
Shares of Cango Inc (NYSE: CANG ) fell sharply in pre-market trading as the company posted downbeat results for the second quarter.
Cango reported quarterly losses of $1.99 per share which missed the analyst consensus estimate of losses of 90 cents per share. The company reported quarterly sales of $50.781 million which missed the analyst consensus estimate of $101.970 million.
Cango shares dipped 10% to $2.15 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
Myriad Genetics Inc (NASDAQ: MYGN ) shares dipped 5.3% to $3.05 in pre-market trading. Corvex Inc (NASDAQ: MOVE ) shares fell 5.1% to $10.39 in pre-market trading. Corvex shares jumped over 25% on Monday after the company announced a data center expansion at its existing Mid-Atlantic data center and the establishment of operations at a second existing enterprise-scale data center in the Midwest. Advasa Holdings (NASDAQ: ADBT ) fell 5.1% to $4.31 in pre-market trading following a 9% decline on Monday. Cabaletta Bio Inc (NASDAQ: CABA ) dipped 5.1% to $2.95 in pre-market trading. Sezzle Inc (NASDAQ: SEZL ) shares fell 5% to $114.50 in pre-market trading after declining 3% on Monday. Trending UBS Group AG (NYSE: UBS ) fell 4.7% to $53.08 in pre-market trading. On Monday, UBS hired four financial advisors in Los Angeles. Enlight Renewable Energy Ltd (NASDAQ: ENLT ) fell 4% to $75.05 in pre-market trading. Enlight Renewable Energy, last month, reported better-than-expected second-quarter EPS results and raised its FY26 sales guidance. Metalla Royalty & Streaming Ltd (NYSE: MTA ) declined 4% to $10.00 in pre-market trading. Metalla Royalty, last month, posted downbeat quarterly earnings. Gemini Space Station Inc (NASDAQ: GEMI ) fell 3.3% to $4.35 in pre-market trading following around 5% gain on Monday. NIO Inc. (NYSE: NIO ) fell 2.1% to $4.15 in pre-market trading after the company issued August delivery update. The company delivered 35,836 vehicles in August, up 14.5% year over year.Photo via Shutterstock
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