Manhattan Associates, LendingClub And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.4% on Wednesday.

Shares of Manhattan Associates, Inc. MANH fell sharply in today's pre-market trading following soft FY25 guidance.

Manhattan Associates said it sees FY2025 adjusted earnings of $4.45 to $4.55 per share, versus market estimates of $4.91 per share. The company expects sales of $1.060 billion to 1.070 billion, versus projections of $1.14 billion.

Manhattan Associates shares dipped 23.4% to $225.92 in the pre-market trading session.

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Here are some other stocks moving lower in pre-market trading.

Globalstar, Inc. GSAT shares dipped 21.5% to $1.4999 in pre-market trading.
LendingClub Corporation LC fell 21% to $13.30 in pre-market trading following worse-than-expected reported fourth-quarter EPS results.
Avnet, Inc. AVT shares fell 7.4% to $48.56 in pre-market trading following weak quarterly earnings.
Teva Pharmaceutical Industries Limited TEVA fell 6.4% to $20.16 in pre-market trading following fourth-quarter reported financial results.
Victoria’s Secret & Co. VSCO dipped 6.3% to $35.51 in pre-market trading. Victoria’s Secret announced that Chief Financial and Administrative Officer Timothy Johnson is retiring in June 2025 and Scott Sekella has been appointed Chief Financial Officer.
Danaher Corporation DHR fell 6.2% to $232.54 in pre-market trading after the company reported quarterly adjusted EPS below estimates..
American Axle & Manufacturing Holdings, Inc. AXL fell 6% to $5.47 in pre-market trading. American Axle & Manufacturing and Dowlais announced plans to merge in a $1.44 billion cash-and-stock deal.