Snowflake, American Eagle, Digital Turbine 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.

• Digital Turbine, Inc. APPS shares tumbled 32.5% to $9.74 in pre-market trading after the company reported downbeat fourth-quarter earnings and issued weak forecast for the current quarter.
• QuantaSing Group Limited QSG dipped 31.5% to $13.00 in pre-market trading. QuantaSing Group is expected to release its unaudited financial results for the third quarter on June 1, 2023.
• American Eagle Outfitters, Inc AEO declined 17.7% to $9.93 in pre-market trading. American Eagle reported in-line earnings for its first quarter, but slashed its full-year revenue outlook.
• Tigo Energy TIGO dropped 12.7% to $11.09 in pre-market trading after jumping 25% on Wednesday.
• Snowflake Inc. SNOW shares fell 14.2% to $151.98in pre-market trading. Snowflake posted upbeat quarterly sales, but issued weak second-quarter product revenue forecast.
• UiPath Inc. PATH shares declined 8.8% to $14.90 in pre-market trading after the company reported first-quarter financial results.
• Mirati Therapeutics, Inc. MRTX dropped 8.4% to $40.15 in pre-market trading as the company said Phase 3 SAPPHIRE study evaluating sitravatinib did not meet primary endpoint.
• XPeng Inc. XPEV shares fell 5.7% to $8.15 in pre-market trading. Barclays downgraded XPeng from Equal-Weight to Underweight and lowered the price target from $8 to $6.
• Qudian Inc. QD dropped 4.4% to $1.31 in pre-market trading after gaining 5% on Wednesday.
• DISH Network Corporation DISH dropped 4% to $5.98 in pre-market trading. Citigroup downgraded DISH Network from Buy to Neutral and lowered the price target from $18 to $8.

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