Box, Ambarella, HP And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

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

• Outlook Therapeutics, Inc. OTLK shares tumbled 66.2% to $0.4770 in pre-market trading after the company said that the FDA issued a Complete Response Letter for ONS-5010 BLA based on CMC and need for further confirmatory clinical evidence.
• Ambarella, Inc. AMBA fell 20.7% to $60.12 in pre-market trading. Ambarella posted upbeat earnings and sales results for its second quarter, but issued weak sales outlook for the current quarter.
• VAALCO Energy, Inc. EGY shares declined 9.6% to $4.23 in pre-market trading.
• Sibanye Stillwater Limited SBSW shares fell 9.5% to $6.03 in pre-market trading after declining 5% on Tuesday.
• Box, Inc. BOX shares fell 9.1% to $28.00 in pre-market trading after the company issued Q3 EPS, Q3 sales and FY24 sales guidance below estimates.
• HP Inc. HPQ shares fell 8.3% to $28.76 in pre-market trading after the company lowered its earnings forecast for the full year.
• ZTO Express (Cayman) Inc ZTO fell 5.4% to $23.64 in pre-market trading following second-quarter resulst.
• UP Fintech Holding Limited TIGR fell 4.5% to $4.43 in pre-market trading. UP Fintech shares jumped over 28% on Tuesday after the company reported better-than-expected second-quarter financial results.
• Li Auto Inc. LI shares declined 4.1% to $41.17 in pre-market trading after gaining around 8% on Tuesday.
• Hut 8 Mining Corp. HUT fell 3% to $2.58 in pre-market trading. Hut 8 Mining shares jumped 17% on Tuesday after the U.S. Court of Appeals ruled the SEC was wrong to reject Grayscale Investments' spot Bitcoin ETF application.

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