PayPal, 3D Systems, Lucid Group And Other Big Stocks Moving Lower In Tuesday'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.

• Ohmyhome Limited OMH shares dipped 48% to $13.52 in pre-market trading after jumping around 329% on Monday.
• PacWest Bancorp PACW shares fell 13.6% to $5.16 in pre-market trading. PacWest shares gained around 3.7% on Monday after the company cut its dividend.
• 3D Systems Corporation DDD dropped 11.1% to $8.08 in pre-market trading after the company reported downbeat Q1 results and announced next phase of restructuring initiative.
• Skyworks Solutions, Inc. SWKS shares fell 9.4% to $95.34 in pre-market trading as the company reported downbeat earnings for its second quarter and issued weak sales forecast for the current quarter.
• Western Alliance Bancorporation WAL shares dropped 8.8% to $24.89 in pre-market trading.
• Lucid Group, Inc. LCID fell 8.4% to $7.06 in pre-market trading after the company reported worse-than-expected Q1 results.
• Wayfair Inc. W shares dropped 8% to $36.79 in pre-market trading after the company announced a proposed offering of $600 million of convertible senior notes.
• Maravai LifeSciences Holdings, Inc. MRVI shares declined 6.5% to $13.00 in pre-market trading after the company posted downbeat Q1 results and lowered 2023 outlook.
• XPeng Inc. XPEV shares dropped 4.7% to $10.05 in pre-market trading. XPeng is expected to report its first quarter unaudited financial results on May 24, 2023.
• PayPal Holdings, Inc. PYPL shares dropped 4.3% to $72.28 in pre-market trading despite better-than-expected Q1 results.
• NetEase, Inc. NTES fell 4.1% to $87.41 in pre-market trading. NetEase is expected to report financial results for the first quarter on May 25, 2023.

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