On May 27, GLOBALFOUNDRIES fell 6.64% in pre-market trading, trading at $83.99/share, with trading volume of $1.9436 million.

On the news front, Abu Dhabi sovereign wealth fund Mubadala Investment Company is planning to sell approximately $1.91 billion worth of GLOBALFOUNDRIES shares through a block trade, with a pricing range of $86.30 to $86.80 per share. The large-scale divestiture by the major shareholder significantly increases market supply, triggering investor concerns over near-term stock price prospects and intensifying selling pressure. Notably, Mubadala has a history of multiple prior share reductions, with similar operations historically exerting short-term downward pressure on the stock.

The selloff is particularly notable given that the stock had risen 5.16% to $90.27 in the prior regular session on May 26, buoyed by a $375 million U.S. Department of Commerce grant for quantum technology solutions. The Mubadala divestiture announcement has effectively stalled that recovery momentum.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)