U.S. stock futures were lower this morning, with the Dow futures falling around 450 points on Thursday.

Shares of argenx SE – ADR (NASDAQ:ARGX) fell sharply in pre-market trading after the company announced plans to discontinue Phase 3 UNITY study of efgartigimod subcutaneous in adults with moderate-to-severe Sjögren’s disease after IDMC recommended stopping for futility at interim analysis.

argenx shares dipped 8.7% to $847.72 in pre-market trading.

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

• Phreesia Inc (NYSE:PHR) dipped 7.4% to $9.73 in pre-market trading.
• Zevra Therapeutics, Inc. (NASDAQ:ZVRA) shares tumbled 5.8% to $10.44 in pre-market trading.
• Veeco Instruments Inc. (NASDAQ:VECO) dipped 5.2% to $50.73 in pre-market trading after falling around 4% on Wednesday.
• PennyMac Mortgage Investment Trust (NYSE:PMT) declined 5.1% to $7.50 in pre-market trading.
• Immunovant Inc (NASDAQ:IMVT) fell 4.8% to $30.50 in pre-market trading. Immunovant recently announced topline results from Period 1 of its proof-of-concept trial evaluating IMVT-1402 did not achieve statistical significance on its primary endpoint.
• Cypherpunk Technologies Inc (NASDAQ:CYPH) declined 4.6% to $2.91 in pre-market trading after falling over 6% on Wednesday.
• STMicroelectronics N.V. (NYSE:STM) fell 4.5% to $53.62 in pre-market trading after dropping over 4% on Wednesday.
• Dauch Corp (NYSE:DCH) declined 4.5% to $5.53 in pre-market trading. UBS, on Wednesday, maintained Dauch with a Buy and lowered the price target from $9 to $8.
• WeRide Inc – ADR (NASDAQ:WRD) fell 4.4% to $4.74 in pre-market trading after declining 3% on Wednesday.
• Aclaris Therapeutics Inc (NASDAQ:ACRS) declined 4.4% to $3.25 in pre-market trading.
• Xerox Holdings Corporation (NASDAQ:XRX) declined 4.3% to $2.8797 in pre-market trading after adding around 3% on Wednesday.
• FTAI Aviation Ltd (NASDAQ:FTAI) fell 4.1% to $167.62 in pre-market trading. FTAI Aviation said it will announce its financial results for the third quarter before the opening bell on Thursday, Oct. 29.
• ArcelorMittal S.A. (NYSE:MT) slipped 4.1% to $59.77 in pre-market trading after dropping over 4% on Wednesday.
• GDS Holdings Ltd – ADR (NASDAQ:GDS) declined 4% to $30.38 in pre-market trading.  
• Caribou Biosciences, Inc. (NASDAQ:CRBU) fell 3.7% to $0.5944 in pre-market trading. HC Wainwright & Co. analyst Robert Burns downgraded Caribou Biosciences from Buy to Neutral.
• Tyler Technologies, Inc. (NYSE:TYL) fell 1.8% to $326.50 in pre-market trading. Goldman Sachs analyst Adam Hotchkiss downgraded Tyler Technologies from Buy to Neutral and cut the price target from $395 to $345.

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Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.