Alignment Healthcare (ALHC) shares were down 23% in Friday premarket activity after the company said its California HMO plan for seniors enrolled in Medicare is expected to receive a lower star rating from the federal government for 2027.

Quanome Technologies (QNME) stock was 14% lower after the company said its indirect subsidiary XDT Infrastructure I signed a master services agreement and an initial order with an enterprise customer to provide dedicated artificial intelligence capacity.

Entera Bio (ENTX) shares were down 10%, following a largely muted session in the previous day.

Virax Biolabs Group (VRAX) stock was 10% lower, extending a more than 5% decline in the Thursday session.