Tesla, Funko, Cano Health And Other Big Stocks Moving Lower In Thursday's Pre-Market Session


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

  • Silvergate Capital Corporation SI shares declined 30% to $9.47 in pre-market after the company said it is unable to file its Form 10-K for 2022 with the SEC.
  • Funko, Inc. FNKO dropped 25.2% to $8.00 in pre-market trading after the company reported worse-than-expected Q4 EPS and issued weak Q1 guidance.
  • Cano Health, Inc. CANO shares dipped 15.3% to $1.33 in pre-market trading after the company reported worse-than-expected Q4 earnings and issued weak FY23 revenue guidance.
  • Wolfspeed, Inc. WOLF shares fell 9.9% to $67.43 in pre-market trading.
  • Aehr Test Systems AEHR shares tumbled 9.7% to $32.50 in pre-market trading after gaining around 8% on Wednesday.
  • MP Materials Corp. MP fell 8% to $32.97 in pre-market trading. MP Materials recently reported better-than-expected Q4 EPS and sales results.

Don’t forget to check out our premarket coverage here

  • ON Semiconductor Corporation ON declined 7.8% to $72.16 in pre-market trading. ON Semiconductor recently raised $1.3 billion via an upsized institutional offering of 0.50% convertible senior notes due 2029..
  • Snowflake Inc. SNOW shares dropped 7.2% to $143.42 in pre-market trading after the data company reported fourth-quarter financial results.
  • STMicroelectronics N.V. STM fell 6.6% to $45.73 in pre-market trading.
  • Arbe Robotics Ltd. ARBE fell 6.4% to $5.55 in pre-market trading after dropping 15% on Wednesday.
  • Hayward Holdings, Inc. HAYW fell 5.7% to $11.47 in pre-market trading as the company reported secondary offering of 16 million shares of common stock.
  • Tesla, Inc. TSLA fell 5.2% to $192.30 in pre-market trading. Tesla held its first Investor Day event on Wednesday, where the company’s CEO Elon Musk unveiled the third part of his Master Plan.


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