HP, Ambarella, Sportsmans Warehouse And Other Big Stocks Moving Lower In Wednesday'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.

• Belite Bio, Inc BLTE shares tumbled 37.2% to $14.76 in pre-market after the company reported pricing of $30 million underwritten public offering of American Depositary Shares and warrants.
• Ambarella Inc AMBA shares dropped 17.9% to $67.30 in pre-market trading after the company issued a weak second-quarter forecast.
• Sportsmans Warehouse Holdings Inc SPWH shares tumbled 7.8% to $5.06 in pre-market trading as the company posted a wider-than-expected loss for its first quarter and issued weak forecast for the current quarter.
• Horizon Technology Finance Corporation HRZN shares fell 7.5% to $12.27 in pre-market trading. Horizon Technology Finance priced an underwritten public offering of 3,250,000 shares at a price of $12.50 per share for total gross proceeds of around $40,625000.
• Hewlett Packard Enterprise Company HPE shares declined 6.9% to $14.45 in pre-market trading after reporting downbeat second-quarter sales.
• Frontline Plc FRO shares declined 4.9% to $14.29 in pre-market trading following first-quarter results.
• HP Inc HPQ shares dropped 4.2% to $29.64 in pre-market trading. HP reported better-than-expected earnings for its second quarter, while sales missed expectations.
• Navitas Semiconductor Corp NVTS shares slipped 3.9% to $8.18 in pre-market trading. Navitas initiated strategic manufacturing investments.

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