Rambus, Fabrinet, NXP Semiconductors And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
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U.S. stock futures were mostly higher, but several stocks fell in pre-market trading on Tuesday. Rambus Inc (NASDAQ:RMBS) shares dropped 14.2% to $97.59 after reporting fourth-quarter earnings that met estimates but provided lower-than-expected first-quarter sales guidance. Other notable declines included C3is Inc (NASDAQ:CISS) down 13.9%, Phoenix Asia Holdings Ltd (NASDAQ:PHOE) down 11.8%, and NXP Semiconductors NV (NASDAQ:NXPI) down 5.1%. Overall, the market showed mixed signals with some stocks experiencing significant losses.
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