CarGurus, Disney, Upstart And Some Other Big Stocks Moving Lower In Today's Pre-Market Session

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

• Upstart Holdings, Inc. UPST shares dipped 25.8% to $14.13 in pre-market trading after the company reported worse-than-expected Q3 results. The company also issued Q4 sales guidance below analyst estimates.
• Amyris, Inc. AMRS dropped 23.5% to $1.98 in pre-market trading after the company reported worse-than-expected Q3 results.
• CarGurus, Inc. CARG shares declined 23% to $10.60 in pre-market trading after the company reported worse-than-expected Q3 results. The company also issued Q4 and FY22 EPS and sales guidance below analyst estimates.
• Affirm Holdings, Inc. AFRM tumbled 14.3% to $13.40 in pre-market trading after the company reported weaker-than-expected Q1 earnings and issued FY23 sales guidance below analyst estimates.
• Velo3D, Inc. VLD shares dropped 10.7% to $3.02 in pre-market trading after the company reported worse-than-expected Q3 results.
• Evotec SE EVO shares declined 10.1% to $8.81 in pre-market trading after the company reported financial results and corporate updates for the first nine months 2022.
• Lucid Group, Inc. LCID dropped 8% to $12.42 in pre-market trading after the company reported downbeat Q3 results.
• The Walt Disney Company DIS fell 7.9% to $92.05 in pre-market trading after the company reported weaker-than-expected results for its fourth quarter. The company also said average monthly revenue per paid global Disney+ subscriber declined 5% year over year.
• Banco Bradesco S.A. BBD shares declined 7.5% to $3.34 in pre-market trading after the company posted a 22.8% decline in recurring net profit for the third quarter.
• Digital World Acquisition Corp. DWAC dropped 7% to $26.11 in pre-market trading.
• MicroStrategy Incorporated MSTR declined 7% to $197.11 in pre-market trading after dropping over 20% on Tuesday.
• Tidewater Inc. TDW fell 7% to $31.00 in pre-market trading after the company reported pricing of $120.63 million public offering of 3,987,914 shares of common stock at a price of $30.25 per share.

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