Qualcomm, PayPal, Etsy And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

U.S. stock futures traded lower this morning on Thursday. Here are some big stocks recording losses in today’s pre-market trading session.

  • American Superconductor Corporation AMSC shares tumbled 21% to $9.05 in pre-market trading after dipping 29% on Wednesday. AMSC is projected to release its first quarter fiscal year 2023 financial results on Aug. 9, 2023.
  • DXC Technology Company DXC shares dipped 19.4% to $21.80 in pre-market trading after the company reported worse-than-expected first-quarter results and issued a below-consensus outlook.
  • Schrödinger, Inc. SDGR shares declined 17.3% to $41.53 in pre-market trading after posting a wider-than-expected quarterly loss.
  • STAAR Surgical Company STAA shares fell 14.7% to $44.60 in pre-market trading following second-quarter results.
  • The Cheesecake Factory Incorporated CAKE shares declined 12.1% to $32.11 in pre-market trading following weaker-than-expected quarterly sales.
  • QuantumScape Corporation QS shares fell 10.8% to $9.91 in pre-market trading after the company announced a $300 million proposed public offering.
  • American Well Corporation AMWL shares declined 10.4% to $1.99 in pre-market trading following downbeat second-quarter results.
  • QUALCOMM Incorporated QCOM shares fell 8.7% to $118.06 in pre-market trading. Qualcomm reported better-than-expected earnings for its third quarter, while sales missed estimates. Deutsche Bank downgraded Qualcomm from Buy to Hold.
  • PayPal Holdings, Inc. PYPL shares declined 8.3% to $67.10 in pre-market trading. PayPal reported upbeat earnings and sales results for its second quarter, but saw a sequential decline in active accounts.
  • Kimbell Royalty Partners, LP KRP shares fell 8.1% to $14.25 in pre-market trading as the company announced pricing of $101.5 million upsized public offering of 7.25 million common units at a price of $14 per unit.
  • Etsy, Inc. ETSY shares fell 7.7% to $88.66 in pre-market trading following second-quarter results. Bernstein downgraded Etsy from Outperform to Market Perform.
  • Robinhood Markets, Inc. HOOD shares fell 6.6% to $11.62 in pre-market trading following second-quarter results.
  • MGM Resorts International MGM shares declined 6.6% to $45.99 in pre-market trading following quarterly results.

 

Now Read This: Expedia Likely To Post Higher Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Don’t forget to check out our premarket coverage here

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsPenny StocksSmall CapPre-Market OutlookMarketsMoversTrading Ideasbig losersTop Losers
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!