Hello Group, loanDepot, Mineralys Therapeutics And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

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U.S. stock futures were higher this morning, with the Dow futures gaining around 200 points on Wednesday.

Shares of Hello Group Inc. MOMO fell sharply during pre-market trading after reporting weak quarterly results.

Hello Group posted fourth-quarter adjusted EPADS of 18 cents missing estimates of 21 cents per shares. The company's sales came in at $361.20 million missing expectations of $365.05 million.

Hello Group shares dipped 12.4% to $6.50 in the pre-market trading session.

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

  • Lazard, Inc. LAZ dipped 13% to $40.00 in pre-market trading after the company reported February assets under management.
  • loanDepot, Inc. LDI shares fell 10.4% to $1.44 in pre-market trading after the company reported worse-than-expected fourth-quarter revenue results and a year-over-year decrease in adjusted EPS results.
  • Amylyx Pharmaceuticals, Inc. AMLX fell 9.9% to $3.36 in today's pre-market trading after gaining 7% on Tuesday.
  • Mineralys Therapeutics, Inc. MLYS fell 8.3% to $13.10 in pre-market trading. Mineralys Therapeutics priced its $175 million public offering of 12,962,962 common shares at $13.50/share.
  • MaxCyte, Inc. MXCT slipped 7.2% to $3.22 in pre-market trading following quarterly earnings.
  • XPeng Inc. XPEV fell 6.2% to $24.72 in pre-market trading. XPeng shares jumped around 15% on Tuesday after the company announced to spend up to $13.8 billion on humanoid robots.
  • Owens & Minor, Inc. OMI shares dipped 3.1% to $9.25 in pre-market trading. Owens & Minor recently reported better-than-expected quarterly financial results.

Now Read This:

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