Marketdash

Pre-Market Movers: SeaStar Medical Tumbles on Reverse Split, Jet.AI Extends Losses

MarketDash Editorial Team
1 day ago
SeaStar Medical shares plunged in pre-market trading Wednesday following a 1-for-10 reverse split announcement, while Jet.AI continued its slide despite unveiling plans for a Nevada data center joint venture.

Wednesday morning brought some rough trading for several stocks even before the opening bell, with U.S. stock futures showing modest weakness. The Nasdaq 100 futures were down around 0.1% as investors digested overnight developments.

The biggest pre-market decliner was SeaStar Medical Holding Corp (ICU), which saw shares crater following news of a 1-for-10 reverse stock split. The medical device company's stock fell 9.5% to $0.21, a move that reflects investor skepticism about reverse splits—often seen as a last-ditch effort to maintain exchange listing requirements.

Other notable movers in the red included:

Coincheck Group NV (CNCK) dropped 11% to $2.28, leading decliners in the crypto-adjacent space.

Ascent Solar Technologies, Inc. (ASTI) pulled back 7.6% to $4.67, giving back some of Tuesday's impressive 30% gain. Classic case of profit-taking after a momentum run.

Jet.AI Inc (JTAI) slid another 5.3% to $0.82, extending Tuesday's brutal 28% decline. The continued selloff came despite the company announcing a planned joint venture with Choo Choo Express to develop a 50-megawatt data center campus in Nevada. Apparently, the data center news wasn't enough to stop the bleeding.

Lifestance Health Group Inc (LFST) declined 3.7% to $6.80 in early action.

Precision Drilling Corp (PDS) fell 3.3% to $66.96 as energy sector names showed weakness.

Vasta Platform Ltd (VSTA) rounded out the list of decliners, down 3.1% to $4.80 in pre-market trading.

Pre-Market Movers: SeaStar Medical Tumbles on Reverse Split, Jet.AI Extends Losses

MarketDash Editorial Team
1 day ago
SeaStar Medical shares plunged in pre-market trading Wednesday following a 1-for-10 reverse split announcement, while Jet.AI continued its slide despite unveiling plans for a Nevada data center joint venture.

Wednesday morning brought some rough trading for several stocks even before the opening bell, with U.S. stock futures showing modest weakness. The Nasdaq 100 futures were down around 0.1% as investors digested overnight developments.

The biggest pre-market decliner was SeaStar Medical Holding Corp (ICU), which saw shares crater following news of a 1-for-10 reverse stock split. The medical device company's stock fell 9.5% to $0.21, a move that reflects investor skepticism about reverse splits—often seen as a last-ditch effort to maintain exchange listing requirements.

Other notable movers in the red included:

Coincheck Group NV (CNCK) dropped 11% to $2.28, leading decliners in the crypto-adjacent space.

Ascent Solar Technologies, Inc. (ASTI) pulled back 7.6% to $4.67, giving back some of Tuesday's impressive 30% gain. Classic case of profit-taking after a momentum run.

Jet.AI Inc (JTAI) slid another 5.3% to $0.82, extending Tuesday's brutal 28% decline. The continued selloff came despite the company announcing a planned joint venture with Choo Choo Express to develop a 50-megawatt data center campus in Nevada. Apparently, the data center news wasn't enough to stop the bleeding.

Lifestance Health Group Inc (LFST) declined 3.7% to $6.80 in early action.

Precision Drilling Corp (PDS) fell 3.3% to $66.96 as energy sector names showed weakness.

Vasta Platform Ltd (VSTA) rounded out the list of decliners, down 3.1% to $4.80 in pre-market trading.