--- title: "Marvell Technology, PayPal, Rubrik And Other Big Stocks Moving Lower In Friday’s Pre-Market Session" type: "News" locale: "en" url: "https://longbridge.com/en/news/297322278.md" description: "U.S. stock futures declined on Friday, with the Nasdaq 100 down 0.3%. Marvell Technology shares fell 7.6% despite beating Q2 earnings estimates. Other notable drops included PayPal (down 14% after a failed $53 billion takeover bid), Rubrik (down 7.5% on weak results), and Vistance Networks (down 41.5%). Additional declines were seen in Metals Royalty Company, Design Therapeutics, SharonAI Holdings, NACCO Industries, IREN, Clinuvel Pharmaceuticals, and MINISO Group." datetime: "2026-08-28T12:02:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/297322278.md) - [en](https://longbridge.com/en/news/297322278.md) - [zh-HK](https://longbridge.com/zh-HK/news/297322278.md) generator: "portal-rs" --- # Marvell Technology, PayPal, Rubrik And Other Big Stocks Moving Lower In Friday’s Pre-Market Session U.S. stock futures were mostly lower this morning, with the Nasdaq 100 futures falling around 0.3% on Friday. Shares of **Marvell Technology Inc** (NASDAQ:MRVL) fell sharply in pre-market trading following financial results for the second quarter. Marvell posted second-quarter revenue of $2.74 billion, beating the consensus estimate of $2.71 billion. The chip designer reported adjusted earnings of 94 cents per share for the period, beating estimates of 92 cents per share, according to Benzinga Pro. Marvell Technology shares dipped 7.6% to $223.00 in pre-market trading. Here are some other stocks moving lower in pre-market trading. - **Vistance Networks Inc** (NASDAQ:VISN) shares dipped 41.5% to $6.80 in pre-market trading. Vistance Networks recently authorized additional $150 million buyback plan - **PayPal Holdings Inc** (NASDAQ:PYPL) fell 14% to $52.91 in pre-market trading following reports that a consortium led by Stripe and Advent International has abandoned its $53 billion takeover pursuit. - **Metals Royalty Company Inc** (NASDAQ:TMCR) declined 12.3% to $5.51 in pre-market trading. - **Design Therapeutics In**c (NASDAQ:DSGN) dipped 9.9% to $13.74 in pre-market trading. - **SharonAI Holdings Inc** (NASDAQ:SHAZ) declined 8% to $54.51 in pre-market trading. Sharon AI Holdings, on Thursday, announced appointment of David Burns as COO. - **Rubrik Inc** (NYSE:RBRK) fell 7.5% to $98.99 in pre-market trading following second-quarter results. - **NACCO Industries Inc** (NYSE:NC) fell 7.3% to $40.00 in pre-market trading. - **IREN Ltd** (NASDAQ:IREN) fell 6.2% to $38.00 in pre-market trading following downbeat quarterly results. - **Clinuvel Pharmaceuticals Ltd** (NASDAQ:CUVL) fell 5.5% to $6.40 in pre-market trading. Clinuvel Pharmaceuticals shares dipped 11% on Thursday after the company reported weak FY26 financial results. - **MINISO Group Holding Ltd – AD**R (NYSE:MNSO) fell 4.7% to $10.30 in pre-market trading following weak quarterly results. *Photo via Shutterstock* ### Related Stocks - [MNSO.US](https://longbridge.com/en/quote/MNSO.US.md) - [NC.US](https://longbridge.com/en/quote/NC.US.md) - [PYPL.US](https://longbridge.com/en/quote/PYPL.US.md) - [DSGN.US](https://longbridge.com/en/quote/DSGN.US.md) - [CUVL.US](https://longbridge.com/en/quote/CUVL.US.md) - [TMCR.US](https://longbridge.com/en/quote/TMCR.US.md) - [MRVL.US](https://longbridge.com/en/quote/MRVL.US.md) - [IREN.US](https://longbridge.com/en/quote/IREN.US.md) - [RBRK.US](https://longbridge.com/en/quote/RBRK.US.md) - [MVLL.US](https://longbridge.com/en/quote/MVLL.US.md) - [PYPG.US](https://longbridge.com/en/quote/PYPG.US.md) - [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md) - [PYPU.US](https://longbridge.com/en/quote/PYPU.US.md) - [PYPY.US](https://longbridge.com/en/quote/PYPY.US.md) - [MRVU.US](https://longbridge.com/en/quote/MRVU.US.md) - [IREX.US](https://longbridge.com/en/quote/IREX.US.md) - [IRE.US](https://longbridge.com/en/quote/IRE.US.md) - [IREZ.US](https://longbridge.com/en/quote/IREZ.US.md) - [QLD.US](https://longbridge.com/en/quote/QLD.US.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [PSQ.US](https://longbridge.com/en/quote/PSQ.US.md) - [QID.US](https://longbridge.com/en/quote/QID.US.md) - [SQQQ.US](https://longbridge.com/en/quote/SQQQ.US.md) - [QYLD.US](https://longbridge.com/en/quote/QYLD.US.md) - [JEPQ.US](https://longbridge.com/en/quote/JEPQ.US.md) - [QQQI.US](https://longbridge.com/en/quote/QQQI.US.md) - [09896.HK](https://longbridge.com/en/quote/09896.HK.md) - [VISN.US](https://longbridge.com/en/quote/VISN.US.md) - [SHAZ.US](https://longbridge.com/en/quote/SHAZ.US.md) - [SHAZW.US](https://longbridge.com/en/quote/SHAZW.US.md) - [SHAZD.US](https://longbridge.com/en/quote/SHAZD.US.md) ## Related News & Research - [Why Options Traders Are Betting That Marvell Technology Stock Could Soon Hit $300](https://longbridge.com/en/news/297224319.md) - [Key facts: NVIDIA (NVDA) earnings outlook; Nemotron Coalition; Marvell NVLink Fusion](https://longbridge.com/en/news/296749177.md) - [Marvell Stock Is Expensive, But the Growth Story Is Hard to Ignore](https://longbridge.com/en/news/297345140.md) - [Rubrik in spotlight as Wall Street digests Q2 results, guidance](https://longbridge.com/en/news/297325702.md) - [Rubrik Stock: AI-Agent Security and Identity Resilience Could Drive the Next Growth Phase](https://longbridge.com/en/news/297371918.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**