Top Premarket Decliners

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Fermi (FRMI) shares were down 20% in Monday premarket activity after the company said Chief Executive and co-founder Toby Neugebauer has stepped down.

AST SpaceMobile (ASTS) stock was 14% lower, a day after the company said the BlueBird 7 satellite was placed into a lower-than-planned orbit during the New Glenn 3 mission and will de-orbited.

QXO (QXO) shares were down 4.3% after the company said Sunday it agreed to acquire TopBuild (BLD) for $505 per share in a deal valued at about $17 billion.

Bank of Hawaii (BOH) stock was 2.6% lower after the company reported lower-than-expected Q1 earnings and revenue.

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