AST SpaceMobile, SBC Medical Group 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 250 points on Monday.

Shares of AST SpaceMobile Inc (NASDAQ:ASTS) fell sharply in pre-market trading after the company said its BlueBird 7 satellite, launched aboard the New Glenn launch vehicle, was placed into a lower-than-planned orbit during the New Glenn 3 mission.

Although the satellite separated and powered on, the altitude is too low for sustained operations, and it will be de-orbited. The company expects to recover the satellite’s cost through insurance.

AST SpaceMobile shares dipped 13.5% to $73.95 in pre-market trading.

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

• SBC Medical Group Holdings Inc (NASDAQ:SBC) fell 35.4% to $2.90 in pre-market trading after the company announced pricing of secondary public offering of 3.1 million shares of common stock.
• Matrix Service Co (NASDAQ:MTRX) declined …

Full story available on Benzinga.com