62 Biggest Movers From Yesterday
Portfolio Pulse from Lisa Levin
The article lists the biggest stock movers from the previous day, highlighting significant gainers and losers. Notable gainers include Universal Security Instruments, Bionano Genomics, and Technical Communications Corporation, while major losers include Arcturus Therapeutics and Ameri Holdings.
December 30, 2020 | 10:03 am
News sentiment analysis
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POSITIVE IMPACT
Bionano Genomics shares rose 50.4% following the accreditation of its customer, Praxis Genomics, by the College Of American Pathologists.
The accreditation of a key customer is a positive signal for Bionano Genomics, boosting investor confidence.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Universal Security Instruments shares surged 62.3% after DPW Holdings agreed to purchase a 9.9% equity interest.
The significant price increase is directly linked to the acquisition news, which is a positive development for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Technical Communications Corporation shares climbed 47% despite reporting a net loss for the year.
The stock's rise is notable given the reported loss, suggesting other factors may be influencing investor sentiment.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Ameri Holdings shares dropped 54.1% after stockholders approved proposals related to a tender offer for Jay Pharma shares.
The approval of the tender offer may have been viewed negatively by investors, leading to a significant drop in share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Arcturus Therapeutics shares fell 54.2% after a negative update on its vaccine candidate and subsequent downgrades by multiple firms.
The sharp decline is due to disappointing vaccine data and analyst downgrades, which are critical for investor sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 95