Absci Posts Downbeat Results, Joins HealthEquity, Tonix Pharmaceuticals And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

U.S. stock futures were higher this morning, with the Dow futures gaining around 0.2% on Wednesday.

Shares of Absci Corporation ABSI fell sharply in today's pre-market trading after the company reported worse-than-expected fourth-quarter financial results.

Absci reported quarterly losses of 25 cents per share which missed the analyst consensus estimate of 23 cents per share. This is unchanged from the same period last year. The company reported quarterly sales of $665.000 thousand which missed the analyst consensus estimate of $1.778 million.

Absci shares dipped 9.4% to $2.79 in the pre-market trading session.

Here are some other stocks moving lower in pre-market trading.

Regencell Bioscience Holdings Limited RGC shares dipped 16.1% to $26.50 in pre-market trading after climbing 70% on Tuesday.
Turkcell Iletisim Hizmetleri A.S. TKC shares fell 14.8% to $6.43 in pre-market trading.
HealthEquity, Inc. HQY shares declined 14.7% to $86.68 in pre-market trading after the company reported worse-than-expected quarterly earnings results.
Tonix Pharmaceuticals Holding Corp. TNXP shares fell 13% to $17.87 in pre-market trading following weak quarterly sales.
Waterdrop Inc. WDH declined 6.5% to $1.30 in pre-market trading following a 5% fall on Tuesday.
Resolute Holdings Management, Inc. RHLD declined 4.3% to $34.53 in pre-market trading after dipping 18% on Tuesday.
Target Hospitality Corp. TH fell 3.8% to $5.63 in pre-market trading.
Alpha Technology Group Limited ATGL fell 3.2% to $31.47 in pre-market trading after gaining 14% on Tuesday.