Macy’s reports weak sales, following JD.com and other major stocks that fell in premarket trading on Wednesday – Bitfarms (NASDAQ:BITF), Allego (NYSE:ALLG)

U.S. stock futures were higher this morning, with S&P 500 futures up around 0.2% on Wednesday.

Shares of Macy’s, Inc. M fell sharply in premarket trading today after reporting weak second-quarter sales results.

Macy’s reported quarterly earnings of 53 cents per share, beating analysts’ consensus estimate of 29 cents per share. The company reported quarterly revenue of $4.937 billion, below analysts’ consensus estimate of $5.118 billion.

Macy’s shares fell 9.4% to $16.08 in premarket trading.

Here are some big stocks that posted losses in premarket trading today.

• Sabre Corporation SABR Shares fell 8.8% to $2.70 in premarket trading. Sabre and WestJet recently expanded their long-term distribution agreement to include NDC content.
• JD.com, Inc. JD Shares fell 7.5% to $26.05 in premarket trading after Walmart said it planned to sell its stake in the company.
• Bitfarms Ltd. BITF Shares fell 7.5% to $2.18 in premarket trading after the company announced plans to acquire Stronghold Digital Mining.
• Emergent BioSolutions Inc. EBS Shares fell 6.6% to $9.00 in premarket trading after falling 20% ​​on Tuesday.
• Graphjet technology GTI Shares fell 6.4% to $2.62 in premarket trading after rising more than 46% on Tuesday.
• Allego NV GENERAL Shares fell 5.2% to $1.82 in premarket trading after rising more than 82% on Tuesday.

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