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.

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• 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.

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