NetScout Systems, Ericsson And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Author: Lisa Levin | October 17, 2023 06:25am

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

NetScout Systems, Inc. (NASDAQ:NTCT) shares dipped 23% to $21.24 in pre-market trading after the company reported weak preliminary results for the second quarter and lowered its FY24 guidance.
Ambrx Biopharma Inc. (NASDAQ:AMAM) declined 13.4% to $9.90 in pre-market trading after declining 19% on Monday. Ambrx Biopharma announced that two abstracts detailing updated safety and efficacy data from the ongoing Phase 1/2 trial, APEX-01, evaluating ARX517 for metastatic castration-resistant prostate cancer (mCRPC) were made available as part of the 2023 European Society of Medical Oncology Congress 2023 meeting.
Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) shares fell 5.7% to $4.49 in pre-market trading after the company reported downbeat third-quarter sales.
SunPower Corporation (NASDAQ:SPWR) shares declined 5.7% to $5.46 in pre-market trading after gaining 3% on Monday.
Nokia Oyj (NYSE:NOK) shares fell 4.4% to $3.44 in pre-market trading.
Editas Medicine, Inc. (NASDAQ:EDIT) fell 4.3% to $6.95 in pre-market trading.
Blue Owl Capital Corporation (NYSE:OBDC) shares declined 3.1% to $13.42 in pre-market trading.