Benzinga - by Lisa Levin, Benzinga Editor.
U.S. stock futures traded lower this morning on Wednesday. Here are some big stocks recording losses in today’s pre-market trading session.
- Outlook Therapeutics, Inc. (NASDAQ: OTLK) shares tumbled 66.2% to $0.4770 in pre-market trading after the company said that the FDA issued a Complete Response Letter for ONS-5010 BLA based on CMC and need for further confirmatory clinical evidence.
- Ambarella, Inc. (NASDAQ: AMBA) fell 20.7% to $60.12 in pre-market trading. Ambarella posted upbeat earnings and sales results for its second quarter, but issued weak sales outlook for the current quarter.
- VAALCO Energy, Inc. (NYSE: EGY) shares declined 9.6% to $4.23 in pre-market trading.
- Sibanye Stillwater Limited (NYSE: SBSW) shares fell 9.5% to $6.03 in pre-market trading after declining 5% on Tuesday.
- Box, Inc. (NYSE: BOX) shares fell 9.1% to $28.00 in pre-market trading after the company issued Q3 EPS, Q3 sales and FY24 sales guidance below estimates.
- HP Inc. (NYSE: HPQ) shares fell 8.3% to $28.76 in pre-market trading after the company lowered its earnings forecast for the full year.
- ZTO Express (Cayman) Inc (NYSE: ZTO) fell 5.4% to $23.64 in pre-market trading following second-quarter resulst.
- UP Fintech Holding Limited (NASDAQ: TIGR) fell 4.5% to $4.43 in pre-market trading. UP Fintech shares jumped over 28% on Tuesday after the company reported better-than-expected second-quarter financial results.
- Li Auto Inc. (NASDAQ: LI) shares declined 4.1% to $41.17 in pre-market trading after gaining around 8% on Tuesday.
- Hut 8 Mining Corp. (NASDAQ: HUT) fell 3% to $2.58 in pre-market trading. Hut 8 Mining shares jumped 17% on Tuesday after the U.S. Court of Appeals ruled the SEC was wrong to reject Grayscale Investments' spot Bitcoin ETF application.
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