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Stock Market Update: Alphabet, Texas Instruments, CoStar Group, and Other Top Stocks See Pre-Market Losses

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Stock Market Update: Alphabet, Texas Instruments, CoStar Group, and Other Top Stocks See Pre-Market Losses

October 25, 2023 5:49 AM | 2 min read

The U.S. stock futures are showing a mixed trend this morning on Wednesday, with some big stocks witnessing losses in the pre-market trading session.

Vicor Corporation (NASDAQ: VICR) Plummets 20.8%

Vicor Corporation shares have dipped by 20.8% to $42.11 in pre-market trading after the company released its third-quarter results.

Alphatec Holdings, Inc. (NASDAQ: ATEC) Declines 14.5%

Shares of Alphatec Holdings, Inc. have seen a decline of 14.5% to $10.96 in the pre-market trading session. This comes after the company priced an underwritten public offering of 14.3 million common shares at $10.50 per share.

IDEAYA Biosciences, Inc. (NASDAQ: IDYA) Falls 11.9%

IDEAYA Biosciences, Inc. shares fell by 11.9% to $24.01 in pre-market trading following the announcement of a public offering.

SunPower Corporation (NASDAQ: SPWR) Decreases 9.5%

SunPower Corporation shares are down 9.5% to $4.49 in pre-market trading due to the company’s decision to restate financial statements for certain periods.

CoStar Group, Inc. (NASDAQ: CSGP) Drops 9.5%

CoStar Group, Inc. shares have fallen by 9.5% to $67.16 in pre-market trading after the company reported third-quarter sales results that were worse than expected. The company also issued FY23 guidance below estimates.

ImmunityBio, Inc. (NASDAQ: IBRX) Declines 8.3%

ImmunityBio, Inc. shares have experienced a decline of 8.3% to $1.65 in pre-market trading, following a significant jump of over 25% on Tuesday.

Teladoc Health, Inc. (NYSE: TDOC) Dips 7%

Teladoc Health, Inc. shares are down 7% to $16.85 in pre-market trading after the company reported lower than expected third-quarter sales and issued a weak sales forecast for the current quarter.

Alphabet Inc. (NASDAQ: GOOGL) Sees 6.8% Pre-Market Decline

Alphabet Inc. shares have fallen by 6.8% to $129.42 in pre-market trading. Although the company reported better-than-expected earnings and sales results for the third quarter, its cloud computing unit’s performance was below expectations.

Texas Instruments Incorporated (NASDAQ: TXN) Falls 5.4%

Texas Instruments Incorporated shares have decreased by 5.4% to $138.94 in pre-market trading. The company reported third-quarter sales results that were worse than expected and issued fourth-quarter revenue guidance below estimates.

For more market updates, be sure to check out our pre-market coverage.