Stitch Fix, SoundHound And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session


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

  • SoundHound AI, Inc. SOUN shares dropped 8.7% to $3.04 in pre-market trading after the company reported fourth-quarter financial results and issued solid guidance.
  • Riskified Ltd. RSKD fell 8% to $5.38 in pre-market trading. Riskified is transferring $500 million out Israel, according to Israeli media.
  • Southland Holdings, Inc. SLND dropped 7.7% to $8.30 in pre-market trading.
  • Shoals Technologies Group, Inc. SHLS shares fell 7.5% to $24.55 in pre-market trading after the company reported pricing of secondary offering of 24,501,650 shares of Class A common stock at a price of $24.70 per share by selling stockholders.
  • Stitch Fix, Inc. SFIX shares dropped 7.4% to $4.60 in pre-market trading. Stitch Fix reported weaker-than-expected Q2 sales. The company is estimating Q3 revenue to come in a range of $385 million to $395 million, which would be a decline of 22% to 20% year-over-year.

Don’t forget to check out our premarket coverage here

  • WW International, Inc. WW dipped 6.8% to $6.46 in pre-market trading. The company recently posted worse-than-expected Q4 earnings and issued soft Q1 guidance. The company also announced it will acquire Weekend Health, Inc. for a net purchase price of $106 million.
  • ETAO International Co., Ltd. ETAO fell 6% to $3.00 in pre-market trading.
  • New Oriental Education & Technology Group Inc. EDU dropped 5.6% to $37.70 in pre-market trading after dropping over 8% on Tuesday.
  • Tremor International Ltd TRMR fell 5.2% to $6.22 in pre-market trading. Tremor International shares fell 13% on Tuesday after the company reported mixed Q4 financial results.

Now Read This: Investor Optimism Declines Further Following Powell's Comments

Market News and Data brought to you by Benzinga APIs
Posted In: NewsPenny StocksSmall CapPre-Market OutlookMarketsMoversTrading Ideasbig losersHuman Resource & Employment ServicesIndustrialsTop Losers
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!