Shopify, RingCentral And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

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

  • QuantumScape Corporation QS shares dipped 13% to $10.30 in pre-market after the company reported worse-than-expected Q4 EPS.
  • Iris Energy Limited IREN dropped 13% to $3.72 in pre-market trading after the company reported worse-than-expected Q2 results.
  • Shopify Inc. SHOP shares declined 10.3% to $47.91 in pre-market trading despite better-than-expected Q4 results. The company also guided revenue growth in the high-teen percentages for Q1.

Don’t forget to check out our premarket coverage here

  • RingCentral, Inc. RNG dropped 9.6% to $43.70 in pre-market trading after the company reported worse-than-expected Q4 revenues and issued weak revenue guidance for Q1.
  • Standard Lithium Ltd. SLI fell 5.8% to $4.40 in pre-market trading. Standard Lithium recently reported its financial and operating results for the fiscal second quarter ended Dec. 31, 2022.
  • Vertical Aerospace Ltd. EVTL dropped 5.5% to $1.91 in pre-market trading after gaining 4% on Wednesday.
  • CarGurus, Inc. CARG fell 4% to $16.62 in pre-market trading. CarGurus, during December, announced a $250 million share repurchase program.
  • ContextLogic Inc. WISH dropped 3.9% to $0.9085 in pre-market trading after jumping 26% on Wednesday.

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