Major Stocks Including Fox, PACS Group, and News Corp Decline in Tuesday's Pre-Market Trading
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 09 2025
0mins
Source: Benzinga
U.S. Stock Futures: U.S. stock futures are up, with Dow futures increasing by approximately 0.1% on Tuesday morning.
Fox Corporation Stock Drop: Fox Corporation's shares fell 6.7% to $53.00 in pre-market trading following the announcement of a secondary offering of Class B common stock.
Other Notable Stock Movements: Several companies experienced significant declines in pre-market trading, including PACS Group (-16.2%), Planet Labs (-11.2%), and AIRO Group (-8.4%).
Secondary Offerings Impact: News Corporation and Gilat Satellite Networks also saw their stocks decline by 5.2% and 5.2%, respectively, after announcing secondary offerings.
Analyst Views on SOC
Wall Street analysts forecast SOC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SOC is 22.75 USD with a low forecast of 20.00 USD and a high forecast of 29.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 11.580
Low
20.00
Averages
22.75
High
29.00
Current: 11.580
Low
20.00
Averages
22.75
High
29.00
About SOC
Sable Offshore Corp. is an independent oil and gas company focused on developing the Santa Ynez Unit (SYU) in federal waters offshore California. SYU consists of three offshore platforms and a wholly owned onshore processing facility located along the Gaviota Coast at Las Flores Canyon in Santa Barbara County, California. The offshore position comprises 16 federal leases across approximately 76,000 acres. The Company’s Hondo platform and the Harmony platform develop the Hondo Field, and the Heritage platform develops the Pescado and Sacate Fields. The platforms are located five to nine miles offshore of Santa Barbara County in shallow water depths of 900 to 1,200 feet and service 112 wells, comprised of 90 producers, 12 injectors and 10 idle with an additional 102 identified, undrilled opportunities. The onshore facilities occupy approximately 35 acres and are comprised of an oil treating plant, a biologic/physical water treating plant, POPCO gas plant, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
