Applied Digital, Vericel, Calavo Growers And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session - Alvotech (NASDAQ:ALVO), Applied Digital (NASDAQ:APLD)

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 50 points on Wednesday.

Shares of Applied Digital Corporation (NASDAQ:APLD) fell sharply in today's pre-market trading following second-quarter results.

The company reported second-quarter revenue of $63.9 million, beating analyst estimates of $63.4 million. The company reported a second-quarter adjusted loss of six cents per share, beating analyst estimates for a loss of 15 cents per share, according to Benzinga Pro.

Applied Digital shares tumbled 5.2% to $8.10 in pre-market trading

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

Oruka Therapeutics, Inc. (NASDAQ:ORKA) fell 27.8% to $10.00 in pre-market trading.
MBX Biosciences, Inc. (NASDAQ:MBX) shares dipped 23.2% to $9.25 in pre-market trading.
Greenfire Resources Ltd. (NYSE:GFR) fell 8.3% to $6.60 in pre-market trading.
Vericel Corporation (NASDAQ:VCEL) dipped 6.3% to $54.96 in pre-market trading after the company issued preliminary FY24 net revenue below estimates.
Calavo Growers, Inc. (NASDAQ:CVGW) fell 4.7% to $23.02 in pre-market trading after the company reported fourth-quarter results.
Alvotech (NASDAQ:ALVO) fell 4.5% to $12.71 in pre-market trading.
Turtle Beach Corporation (NASDAQ:TBCH) fell 4% to $16.40 in pre-market trading.
Ardent Health Partners, Inc. (NYSE:ARDT) fell 3.9% to $13.50 in pre-market trading.