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

• Outset Medical, Inc. OM fell 38.1% to $4.19 in pre-market trading after the company reported preliminary third-quarter financial results.
• Cassava Sciences, Inc. SAVA shares dipped 28.8% to $12.49 in pre-market trading. Cassava Sciences issued a statement regarding leaked internal CUNY report.
• SMART Global Holdings, Inc. SGH declined 25.8% to $17.49 in pre-market trading after the company reported worse-than-expected fourth-quarter financial results and issued a weak forecast for the first quarter.
• Puyi Inc. PUYI fell 5.2% to $5.43 in pre-market trading.
• Nextdoor Holdings, Inc. KIND fell 5.2% to $1.81 in pre-market trading.
• AvePoint, Inc. AVPT declined 4.4% to $7.02 in pre-market trading.
• JD.com, Inc. JD fell 4.4% to $26.60 in pre-market trading. Macquarie downgraded JD.com from Outperform to Neutral and lowered the price target from $52 to $32, while Morgan Stanley downgraded the stock from Overweight to Equal-Weight and slashed the price target from $55 to $33.

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