Impinj, Wolfspeed, STMicroelectronics And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

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

• Impinj, Inc. PI shares tumbled 24.1% to $102.70 in pre-market trading after the company reported mixed Q1 results and issued weak guidance.
• Wolfspeed, Inc. WOLF declined 13.3% to $49.79 in pre-market after the company issued weak Q4 guidance.
• Vornado Realty Trust VNO dropped 13% to $12.99 in pre-market trading. Vornado reported postponement of common share dividends until year-end and authorization of $200 million share repurchase program. Piper Sandler downgraded Vornado Realty from Neutral to Underweight and lowered the price target from $16 to $11.
• Enovix Corporation ENVX shares fell 7.4% to $11.58 in pre-market trading following weak quarterly sales.

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• STMicroelectronics N.V. STM shares dropped 6.7% to $43.18 in pre-market trading after reporting Q1 results.
• Youdao, Inc. DAO shares declined 6% to $5.46 in pre-market trading after gaining 6% on Wednesday. Youdao is scheduled to hold annual general meeting on May 16, 2023.
• Tenaris S.A. TS fell 3.2% to $27.59 in pre-market trading following Q1 results.
• ON Semiconductor Corporation ON fell 3.1% to $69.73 in pre-market trading. onsemi is expected to announce its financial results for the first quarter on May 1, 2023.

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