GameStop Posts Weak Revenue, Joins American Superconductor, GitLab And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

U.S. stock futures were lower this morning, with the Dow futures falling around 0.2% points on Wednesday.

Shares of GameStop Corp. (NYSE:GME) fell sharply in today's pre-market trading as the company posted results for its first quarter.

GameStop reported first-quarter revenue of $732.4 million, missing analyst estimates of $754.24 million. The company reported first-quarter adjusted earnings of 17 cents per share, beating analyst estimates of four cents per share, according to Benzinga Pro.

GameStop shares dipped 4.9% to $28.68 in the pre-market trading session.

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

• American Superconductor Corporation (NASDAQ:AMSC) shares dipped 14.3% to $29.54 in pre-market trading after the company announced a proposed public offering of common stock.
• GlycoMimetics, Inc. (NASDAQ:GLYC) fell 13.4% to $0.1475 in pre-market trading.
• GitLab Inc. (NASDAQ:GTLB) fell 12.4% to $42.50 in pre-market trading after the company reported first-quarter financial results and issued second-quarter sales guidance with its midpoint below estimates.
• Arrive AI Inc. (NASDAQ:ARAI) shares dipped 9% to $9.33 in pre-market trading. Arrive AI shares jumped over 62% on Tuesday after the company announced it obtained another patent for its AI-powered smart mailbox platform designed for autonomous and conventional package delivery.
• Sunrun Inc. (NASDAQ:RUN) declined 7.9% to $8.16 in pre-market trading.
• Twin Hospitality Group Inc. (NASDAQ:TWNP) dipped 7.8% to $5.93 in pre-market trading.
• Cleveland-Cliffs Inc. (NYSE:CLF) declined 7.4% to $7.44 in pre-market trading. Shares of steel companies moved lower following reports the U.S. and Mexico are nearing a deal that would remove the Trump Administration's tariffs on steel imports.
• Tenet Healthcare Corporation (NYSE:THC) fell 7% to $145.50 in pre-market trading after declining more than 5% on Tuesday.

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