Snowflake, American Eagle, Digital Turbine And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Author: Lisa Levin | May 25, 2023 06:33am

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

Digital Turbine, Inc. (NASDAQ:APPS) shares tumbled 32.5% to $9.74 in pre-market trading after the company reported downbeat fourth-quarter earnings and issued weak forecast for the current quarter.
QuantaSing Group Limited (NASDAQ:QSG) dipped 31.5% to $13.00 in pre-market trading. QuantaSing Group is expected to release its unaudited financial results for the third quarter on June 1, 2023.
American Eagle Outfitters, Inc (NYSE:AEO) declined 17.7% to $9.93 in pre-market trading. American Eagle reported in-line earnings for its first quarter, but slashed its full-year revenue outlook.
Tigo Energy (NASDAQ:TIGO) dropped 12.7% to $11.09 in pre-market trading after jumping 25% on Wednesday.
Snowflake Inc. (NYSE:SNOW) shares fell 14.2% to $151.98in pre-market trading. Snowflake posted upbeat quarterly sales, but issued weak second-quarter product revenue forecast.
UiPath Inc. (NYSE:PATH) shares declined 8.8% to $14.90 in pre-market trading after the company reported first-quarter financial results.
Mirati Therapeutics, Inc. (NASDAQ:MRTX) dropped 8.4% to $40.15 in pre-market trading as the company said Phase 3 SAPPHIRE study evaluating sitravatinib did not meet primary endpoint.
XPeng Inc. (NYSE:XPEV) shares fell 5.7% to $8.15 in pre-market trading. Barclays downgraded XPeng from Equal-Weight to Underweight and lowered the price target from $8 to $6.
Qudian Inc. (NYSE:QD) dropped 4.4% to $1.31 in pre-market trading after gaining 5% on Wednesday.
DISH Network Corporation (NASDAQ:DISH) dropped 4% to $5.98 in pre-market trading. Citigroup downgraded DISH Network from Buy to Neutral and lowered the price target from $18 to $8.