Mattel, Meta, Align Technology And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Author: Lisa Levin | October 26, 2023 06:10am

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

Align Technology, Inc. (NASDAQ:ALGN) shares tumbled 25.3% to $189.50 in pre-market trading after the company reported worse-than-expected third-quarter financial results and issued guidance.
MaxLinear, Inc. (NASDAQ:MXL) shares dipped 21.2% to $14.50 in pre-market trading after reporting downbeat results for the third quarter. Roth MKM downgraded MaxLinear from Buy to Neutral and lowered the price target from $35 to $18.
Mattel, Inc. (NASDAQ:MAT) shares declined 10.2% to $18.05 in pre-market trading after reporting third-quarter results.
Pure Storage, Inc. (NYSE:PSTG) shares declined 6.9% to $30.91 in pre-market trading.
Gogoro Inc. (NASDAQ:GGR) shares fell 6.3% to $2.68 in pre-market trading after gaining 10% on Wednesday.
Arista Networks, Inc. (NYSE:ANET) shares fell 5.4% to $176.05 in pre-market trading.
DraftKings Inc. (NASDAQ:DKNG) shares declined 4.9% to $26.00 in pre-market trading.
Lithium Americas (Argentina) Corp. (NYSE:LAAC) shares fell 4.9% to $5.82 in pre-market trading after declining 4% on Wednesday.
Meta Platforms, Inc. (NASDAQ:META) shares declined 3.3% to $289.65 in pre-market trading. Meta reported better-than-expected results for its third quarter. The company said it sees fourth-quarter revenue coming in a range of $36.5 billion to $40 billion.
Tesla, Inc. (NASDAQ:TSLA) shares fell 2.7% to $206.73 in pre-market trading. Tesla recently reported third-quarter financial results that came in below estimates from analysts.