Pegasystems Posts Downbeat Q2 Results, Joins Adtran, Dyne Therapeutics And Other Big Stocks Moving Lower In Wednesday’s Pre-Market Session

Pegasystems Inc.
ADTRAN Holdings, Inc.
AAR CORP.
Dyne Therapeutics Inc
Organogenesis

Pegasystems Inc.

PEGA

0.00

ADTRAN Holdings, Inc.

ADTN

0.00

AAR CORP.

AIR

0.00

Dyne Therapeutics Inc

DYN

0.00

Organogenesis

ORGO

0.00

U.S. stock futures were lower this morning, with the Nasdaq 100 futures falling more than 200 points on Wednesday.

Shares of Pegasystems Inc (NASDAQ:PEGA) fell sharply in pre-market trading after the company reported worse-than-expected second-quarter financial results.

Pegasystems reported quarterly earnings of 35 cents per share which missed the analyst consensus estimate of 43 cents per share. The company reported quarterly sales of $420.716 million which missed the analyst consensus estimate of $426.601 million.

Pegasystems shares dipped 16% to $26.00 in pre-market trading.

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

  • China Pharma Holdings Inc (NYSE:CPHI) fell 24.8% to $6.10 in pre-market trading after jumping 790% on Tuesday. China Pharma announced it was not aware of any material corporate development regarding unusual market activity in its common shares on July 21.
  • Adtran Holdings Inc (NASDAQ:ADTN) shares dipped 11.8% to $10.70 in pre-market trading after the company announced certain preliminary second quarter results.
  • Dyne Therapeutics, Inc (NASDAQ:DYN) declined 10.2% to $21.40 in pre-market trading after the clinical-stage biotechnology company priced an upsized underwritten public offering of common stock.
  • Ridgepost Capital Inc (NYSE:RPC) fell 9.3% to $8.00 in pre-market trading. Ridgepost Capital said it will release financial results for the second quarter before the opening bell on Wednesday, Aug. 5.
  • FG Merger II Corp (NASDAQ:BXBL) declined 6.5% to $7.47 in pre-market trading after dipping 18% on Tuesday.
  • Organogenesis Holdings Inc (NASDAQ:ORGO) fell 6% to $2.52 in pre-market trading.
  • SK Hynix Inc – ADR (NASDAQ:SKHY) fell 6% to $161.70 in pre-market trading after jumping around 14% on Tuesday.
  • AAR Corp (NYSE:AIR) fell 5.5% to $133.61 in pre-market trading following fourth-quarter results.
  • Celldex Therapeutics Inc (NASDAQ:CLDX) declined 5.2% to $33.81 in pre-market trading after the company reported that the Phase 2 study of barzolvolimab delivered subcutaneously in prurigo nodularis did not meet its primary endpoint.

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