Lumentum, Costco And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

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

• Scilex Holding Company SCLX shares dipped 14.5% to $10.60 in pre-market trading after gaining over 56% on Wednesday.
• AMC Preferred Equity Units APE shares dropped 10.5% to $1.53 in pre-market trading. AMC Entertainment Holdings recently reached a settlement with shareholders, which would allow for the conversion of AMC Preferred Equity Units into common shares.
• Lumentum Holdings Inc. LITE declined 9.3% to $46.56 in pre-market after the company reported preliminary fiscal third-quarter results.

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• Ciena Corporation CIEN fell 4.8% to $49.38 in pre-market trading.
• Kingsoft Cloud Holdings Limited KC shares dropped 4% to $8.15 in pre-market trading after dropping 6% on Wednesday.
• Chindata Group Holdings Limited CD declined 3.2% to $6.15 in pre-market trading. Chindata Group released its unaudited financial report on March 15, 2023, for Q4 and the full fiscal year ending Dec. 31, 2022.
• Costco Wholesale Corporation COST fell 2.3% to $485.61 in pre-market trading. Costco reported net sales of $21.71 billion for the month of March, up 0.5% on a year-over-year basis, while U.S. comparable sales dropped 1.5% during the month.

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