SAIC, Tesla And Other Big Stocks Moving Lower In Monday's Pre-Market Session

U.S. stock futures were lower this morning, with the Dow futures falling around 100 points on Monday.

Shares of Science Applications International Corporation (NASDAQ:SAIC) fell sharply in today's pre-market trading after the company reported first-quarter results.

Science Applications Intl posted adjusted earnings of $1.92 per share, missing market estimates of $2.22 per share. The company posted quarterly sales of $1.88 billion versus expectations of $1.87 billion.

SAIC shares dipped 6.5% to $108.00 in the pre-market trading session.

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

• SharpLink Gaming, Inc. (NASDAQ:SBET) declined 18.4% to $62.60 in pre-market trading after the company filed for mixed shelf offering.
• ContextLogic Inc. (NASDAQ:LOGC) shares tumbled 18.3% to $6.70 in pre-market trading. ContextLogic will commence trading on the OTC Markets and delist from the Nasdaq.
• Lucid Diagnostics Inc. (NASDAQ:LUCD) shares fell 15.1% to $1.18 in pre-market trading. Lucid Diagnostics may offer sell shares of common stock of up to $25 million.
• Algoma Steel Group Inc. (NASDAQ:ASTL) fell 9.2% to $4.78 in pre-market trading.
• LiveWire Group, Inc. (NASDAQ:LVWR) dipped 8.7% to $4.10 in pre-market trading.
• Definitive Healthcare Corp. (NASDAQ:DH) fell 7.3% to $3.07 in pre-market trading.
• Arvinas, Inc. (NASDAQ:ARVN) fell 6.9% to $6.70 in pre-market trading. Arvinas and Pfizer’s Vepdegestrant demonstrated statistically significant 2.9-month PFS benefit over Fulvestrant in ESR1-mutant second-line advanced breast cancer.
• Qudian Inc. (NYSE:QD) fell 6.4% to $2.77 in pre-market trading. Qudian reported first quarter unaudited financial results on Friday.
• IperionX Limited (NASDAQ:IPX) fell 5.5% to $22.86 in pre-market trading.
• Tesla, Inc. (NASDAQ:TSLA) fell 1.5% to $341.25 in pre-market trading. Tesla experienced a decline in sales in China compared to rivals like Nio Inc. (NYSE:NIO), Xpeng Inc. (NYSE:XPEV), Li Auto Inc. (NASDAQ:LI) and BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF), which posted strong growth in May.

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