JOYY, Akebia Therapeutics, Microchip Technology And Other Big Stocks Moving Lower In Thursday's Pre-Marke

U.S. stock futures were lower this morning, with the Dow futures falling around 200 points on Thursday.

Shares of JOYY Inc. (NASDAQ:YY) fell sharply in today's pre-market trading following weak quarterly sales.

JOYY reported quarterly earnings of $1.77 per share which beat the analyst consensus estimate of $1.18 per share. The company reported quarterly sales of $549.45 million which missed the analyst consensus estimate of $549.46 million by 0 percent. This is a 3.58 percent decrease over sales of $569.84 million the same period last year.

JOYY shares dipped 10.9% to $41.75 in the pre-market trading session.

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

Akebia Therapeutics, Inc. (NASDAQ:AKBA) shares fell 26.2% to $2.09 in pre-market trading after the company priced its $50 million public offering of 25 million common shares at $2 per share.
Maze Therapeutics, Inc (NASDAQ:MAZE) fell 11.8% to $10.70 in today's pre-market trading.
GH Research PLC (NASDAQ:GHRS) declined 7.2% to $11.01 in pre-market trading.
Enerflex Ltd. (NYSE:EFXT) fell 7.1% to $7.00 in pre-market trading after the company reported that Marc Rossiter has stepped down as President, CEO, and Director.
ZTO Express (Cayman) Inc. (NYSE:ZTO) declined 5.8% to $20.49 in pre-market trading.
Microchip Technology Incorporated (NASDAQ:MCHP) fell 5.5% to $51.54 in pre-market trading after the company announced an offering of $1.35 of billion depository shares.
UP Fintech Holding Limited (NASDAQ:TIGR) fell 4.7% to $9.21 in pre-market trading.
Regencell Bioscience Holdings Limited (NASDAQ:RGC) fell 2.5% to $30.00 in pre-market trading.