La-Z-Boy, FedEx And Other Big Stocks Moving Lower In Wednesday'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.

• Zura Bio Limited ZURA shares tumbled 7.7% to $11.82 in pre-market trading after jumping 35% on Tuesday.
• Cabaletta Bio, Inc. CABA shares dipped 7.6% to $11.48 in pre-market trading after dropping 5% on Tuesday.
• Youdao, Inc. DAO shares fell 6.4% to $4.52 in pre-market trading after dropping over 7% on Tuesday.
• La-Z-Boy Incorporated LZB shares dropped 5.3% to $26.00 in pre-market trading. La-Z-Boy announced better-than-expected earnings for its fourth quarter, but issued weak sales forecast for the current quarter.
• Kingsoft Cloud Holdings Limited KC shares declined 3.7% to $6.22 in pre-market trading. Kingsoft Cloud recently reported share purchase by Vice Chairman and Chief Executive Officer.
• FedEx Corporation FDX shares fell 2.9% to $225.02 in pre-market trading. FedEx reported better-than-expected earnings for its fourth quarter, while sales missed estimates. The company announced that its executive vice president and CFO Michael Lenz will retire from his role, effective July 31.
• Cano Health, Inc. CANO shares slipped 2.8% to $1.38 in pre-market trading. Cano Health shares gained around 14% on Tuesday after the company announced Dr. Marlow Hernandez agreed to step down as CEO, and has appointed Mark Kent as interim CEO.

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