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Pre-Market Movers: Oracle Stumbles While Oxford Industries Takes a Major Hit

MarketDash Editorial Team
18 hours ago
U.S. stock futures pointed lower Thursday morning as several major names faced selling pressure before the opening bell. Oxford Industries plunged over 25% on disappointing guidance, while Oracle slipped following mixed quarterly results.

Thursday morning brought a wave of selling pressure to U.S. markets, with Nasdaq 100 futures tumbling around 150 points before the opening bell. The early action featured some notable casualties, led by a retail sector stumble and a tech giant disappointment.

Oxford Industries Crashes on Guidance Cut

Oxford Industries Inc. (OXM) took the hardest hit, nosediving 25.6% to $30.17 in pre-market trading. The apparel company reported third-quarter results that technically beat expectations—posting a loss of 92 cents per share versus the anticipated 95-cent loss, with revenue of $307.344 million topping the $304.642 million consensus estimate.

But here's the thing about earnings: sometimes beating expectations doesn't matter if you're telling investors things are about to get worse. Oxford Industries issued fourth-quarter guidance below analyst estimates and slashed its full fiscal year 2025 outlook, which was enough to send shares tumbling by more than a quarter of their value.

Other Notable Decliners

Oracle Corporation (ORCL) fell 11.3% to $197.70 after delivering mixed second-quarter results for fiscal 2026 following Wednesday's market close. The database and cloud computing giant's performance apparently left investors wanting more.

Ur-Energy Inc. (URG) dropped 12.1% to $1.20 after announcing a $100 million offering of 4.75% convertible senior notes due 2031. Similarly, T1 Energy Inc. (TE) slid 10.8% to $5.50 after unveiling proposed offerings totaling $260 million—$120 million in convertible senior notes and $140 million in common stock.

Rezolute Inc. (RZLT) declined 5.8% to $10.30 following its announcement of Phase 3 sunRIZE study results for Congenital Hyperinsulinism, a rare metabolic disorder.

CapsoVision Inc. (CV) gave back some of Wednesday's gains, tumbling 16.6% to $9.86 after surging 33% the previous session. NovaBay Pharmaceuticals Inc. (NBY) also retreated 5.8% to $2.28 after jumping 34% on Wednesday.

Rounding out the decliners, Constellium SE (CSTM) fell 3% to $17.62 after gaining 4% the prior day.

Back to News

Pre-Market Movers: Oracle Stumbles While Oxford Industries Takes a Major Hit

MarketDash Editorial Team
18 hours ago
U.S. stock futures pointed lower Thursday morning as several major names faced selling pressure before the opening bell. Oxford Industries plunged over 25% on disappointing guidance, while Oracle slipped following mixed quarterly results.

Thursday morning brought a wave of selling pressure to U.S. markets, with Nasdaq 100 futures tumbling around 150 points before the opening bell. The early action featured some notable casualties, led by a retail sector stumble and a tech giant disappointment.

Oxford Industries Crashes on Guidance Cut

Oxford Industries Inc. (OXM) took the hardest hit, nosediving 25.6% to $30.17 in pre-market trading. The apparel company reported third-quarter results that technically beat expectations—posting a loss of 92 cents per share versus the anticipated 95-cent loss, with revenue of $307.344 million topping the $304.642 million consensus estimate.

But here's the thing about earnings: sometimes beating expectations doesn't matter if you're telling investors things are about to get worse. Oxford Industries issued fourth-quarter guidance below analyst estimates and slashed its full fiscal year 2025 outlook, which was enough to send shares tumbling by more than a quarter of their value.

Other Notable Decliners

Oracle Corporation (ORCL) fell 11.3% to $197.70 after delivering mixed second-quarter results for fiscal 2026 following Wednesday's market close. The database and cloud computing giant's performance apparently left investors wanting more.

Ur-Energy Inc. (URG) dropped 12.1% to $1.20 after announcing a $100 million offering of 4.75% convertible senior notes due 2031. Similarly, T1 Energy Inc. (TE) slid 10.8% to $5.50 after unveiling proposed offerings totaling $260 million—$120 million in convertible senior notes and $140 million in common stock.

Rezolute Inc. (RZLT) declined 5.8% to $10.30 following its announcement of Phase 3 sunRIZE study results for Congenital Hyperinsulinism, a rare metabolic disorder.

CapsoVision Inc. (CV) gave back some of Wednesday's gains, tumbling 16.6% to $9.86 after surging 33% the previous session. NovaBay Pharmaceuticals Inc. (NBY) also retreated 5.8% to $2.28 after jumping 34% on Wednesday.

Rounding out the decliners, Constellium SE (CSTM) fell 3% to $17.62 after gaining 4% the prior day.