Domo, Marvell Technology, PagSeguro And Other Big Stocks Moving Lower In Friday's Pre-Market Session

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

• Domo, Inc. DOMO shares tumbled 25.5% to $12.70 in pre-market trading after the company issued FY24 guidance below estimates.
• Hawaiian Electric Industries, Inc. HE shares dipped 22% to $9.25 in pre-market trading. Hawaiian Electric plans to suspend quarterly cash dividend on common stock, beginning with the third quarter of 2023.
• Ideanomics, Inc. IDEX shares declined 19.5% to $3.48 in pre-market trading after dipping 10% on Thursday. The company recently announced a 1-for-125 reverse stock split.
• PagSeguro Digital Ltd. PAGS fell 6.9% to $8.10 in pre-market trading following weaker-than-expected second-quarter results.
• DigitalOcean Holdings, Inc. DOCN shares fell 6% to $29.61 in pre-market trading as the company initiated CEO search process. Yancey Spruill will continue to serve as CEO until a successor has been appointed.
• Digital World Acquisition Corp. DWAC declined 5.1% to $13.22 in pre-market trading. Digital World received expected notification from Nasdaq related to delayed quarterly report on form 10-Q.
• Olaplex Holdings, Inc. OLPX fell 4.6% to $2.49 in pre-market trading. Piper Sandler downgraded Olaplex from Neutral to Underweight and lowered the price target from $3 to $2.
• Marvell Technology, Inc. MRVL fell 4.4% to $54.75 in pre-market trading. Marvell Technology posted upbeat earnings for its second quarter. The company issued third-quarter 2024 revenue guidance of $1.4 billion plus or minus 5%, versus the $1.39 billion estimate.

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