Salesforce, C3.ai, Okta And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

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

• C3.ai, Inc. (NYSE: AI) shares tumbled 20.4% to $31.85 in pre-market. C3.ai reported better-than-expected earnings and sales results for its first quarter. C3.ai also said it sees first-quarter revenue of $70 million to $72.5 million versus estimates of $71.56 million.
• Okta, Inc. (NASDAQ: OKTA) shares dipped 19% to $73.50 in pre-market trading despite strong first-quarter results.
• Lexicon Pharmaceuticals, Inc. (NASDAQ: LXRX) shares declined 16.7% to $2.75 in pre-market trading after the company reported a proposed public offering of common stock.
• Victoria's Secret & Co. (NYSE: VSCO) shares dropped 16% to $17.15 in pre-market trading after the company reported a sharp decline in first-quarter EPS.
• CrowdStrike Holdings, Inc. (NASDAQ: CRWD) shares fell 10.6% to $143.11 in pre-market trading despite better-than-expected first-quarter earnings.
• Lucid Group, Inc (NASDAQ: LCID) shares dropped 8.8% to $7.08 in pre-market trading after the company reported pricing of public offering of common stock and corresponding investment by an affiliate of the Public Investment Fund for aggregate gross proceeds of approximately $3.0 billion.
• Salesforce, Inc. (NYSE: CRM) shares declined 5.5% to $211.20 in pre-market trading. Salesforce posted better-than-expected earnings and sales results for its first quarter. The company expects full-year revenue to be between $34.5 billion and $34.7 billion and adjusted earnings between $7.41 and $7.43 per share.
• Shengfeng Development Limited (NASDAQ: SFWL) shares dropped 5.1% to $9.50 in pre-market trading after jumping over 15% on Wednesday.
• SentinelOne, Inc. (NYSE: S) shares slipped 4.6% to $20.40 in pre-market trading. SentinelOne is expected to release financial results for its fiscal first quarter 2024 ended April 30, 2023, after market close on June 1, 2023.

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