AMD, Yum China, Paycom Software 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.

• Paycom Software, Inc. PAYC shares dipped 37.1% to $154.15 in pre-market trading after the company reported worse-than-expected third-quarter sales results and issued FY23 revenue guidance below estimates. Several analysts also downgraded the stock today.
• Big 5 Sporting Goods Corporation BGFV shares tumbled 16.6% to $5.89 in pre-market trading after the company reported weaker-than-expected results for its third quarter.
• Yum China Holdings, Inc. YUMC shares dipped 12.4% to $46.00 in pre-market trading after the company reported worse-than-expected financial results for its third quarter.
• Paycor HCM, Inc. PYCR fell 11.9% to $19.01 in pre-market trading. Paycor HCM is expected to release financial results for the first quarter of fiscal year 2024 on Nov. 8, 2023.
• Lexicon Pharmaceuticals, Inc. LXRX shares declined 11.2% to $1.10 in pre-market trading. Lexicon Pharmaceuticals said Matthew Cullen is joining the company as vice president of value and access, effective Nov. 1, 2023, and Lisa DeFrancesco will join as head of investor relations and corporate strategy, effective Nov. 13, 2023.
• Match Group, Inc. MTCH declined 7% to $32.17 in pre-market trading after reporting third-quarter results and issuing fourth-quarter guidance.
• Celestica Inc. CLS fell 3.6% to $22.51 in pre-market trading. The company recently reported third-quarter financial results and issued FY23 guidance.
• Zynex, Inc. ZYXI fell 3.1% to $8.61 in pre-market trading. Zynex, on Tuesday, announced review of strategic alternatives.
• Advanced Micro Devices, Inc. AMD fell 2.4% to $96.12 in pre-market trading after the company reported third-quarter financial results and issued fourth-quarter guidance.

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