Microsoft, Alphabet, Texas Instruments And Some Other Big Stocks Moving Lower In Today's Pre-Market Session


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

  • Skechers U.S.A., Inc. SKX shares dipped 13.7% to $31.01 in pre-market trading after the company reported weak earnings and issued guidance below analyst estimates.
  • Vacasa, Inc. VCSA shares declined 8.6% to $3.19 in pre-market trading after gaining 10% on Tuesday.
  • DigitalOcean Holdings, Inc. DOCN dropped 7.3% to $35.50 in pre-market trading. Goldman Sachs recently maintained DigitalOcean with a Sell and lowered the price target from $42 to $34.
  • MongoDB, Inc. MDB declined 6.6% to $187.50 in pre-market trading after gaining around 10% on Tuesday.
  • Datadog, Inc. DDOG dropped 6.5% to $82.97 in pre-market trading. Canaccord Genuity recently upgraded the stock from Hold to Buy.
  • Alphabet Inc. GOOG shares dropped 6.2% to $98.38 in pre-market trading after the company reported weaker-than-expected earnings results for its third quarter after the closing bell on Tuesday. YouTube and Network revenue were down on a year-over-year basis, bringing overall Google Ad revenue to $54.48 billion, up from last year’s $53.13 billion.
  • Microsoft Corporation MSFT shares fell 6% to $235.60 in pre-market trading. Microsoft posted better-than-expected earnings for its first quarter. Revenue for the Microsoft Cloud segment was $25.7 billion in the first quarter, up 24%% year-over-year.
  • Microvast Holdings, Inc. MVST fell 5.8% to $2.29 in pre-market trading. Microvast is expected to report its consolidated financial results for the third quarter of 2022 on Thursday, November 10, 2022.
  • Snowflake Inc. SNOW dropped 5.7% to $171.40 in pre-market trading after gaining 4% on Tuesday.
  • Spotify Technology S.A. SPOT declined 5.2% to $91.99 in pre-market trading following Q3 results.
  • Texas Instruments Incorporated TXN declined 5% to $154.04 in pre-market trading after the company reported third-quarter financial results and issued weak Q4 sales guidance.
  • ServiceNow, Inc. NOW fell 4.1% to $361.19 in pre-market trading. Analysts at Guggenheim recently upgraded their rating of the stock from Neutral to Buy.
  • Vicor Corporation VICR shares fell 4.1% to $46.61 in pre-market trading after reporting weak Q3 results.

Also check this out: Nasdaq, S&P 500 Futures Lower Following Alphabet, Microsoft Earnings .

Posted In: NewsPenny StocksSmall CapPre-Market OutlookMarketsMoversTrading IdeasPre-Market LosersTop Losers