Cisco, Boot Barn Holdings And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several big stocks are moving lower in Thursday's pre-market session, including Boot Barn Holdings, Applied Digital Corporation, Rigel Pharmaceuticals, Sociedad Química y Minera de Chile, Cisco Systems, Energy Vault Holdings, and Consolidated Communications Holdings.
May 18, 2023 | 10:34 am
News sentiment analysis
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NEGATIVE IMPACT
Boot Barn Holdings shares dropped 15.8% in pre-market after issuing weak financial guidance for Q1 and FY24.
Boot Barn Holdings issued weak financial guidance for Q1 and FY24, which is likely to negatively impact investor sentiment and drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Consolidated Communications Holdings shares dropped 3.2% in pre-market trading after posting downbeat first-quarter results.
Downbeat Q1 results for Consolidated Communications Holdings are likely to negatively impact investor sentiment and drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Energy Vault Holdings shares declined 3.3% in pre-market trading after jumping 16% on Wednesday.
Energy Vault Holdings' stock price is likely experiencing a correction after a significant jump on Wednesday, which may lead to a short-term decline in the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Rigel Pharmaceuticals shares fell 5% in pre-market trading after jumping 41% on Wednesday.
Rigel Pharmaceuticals' stock price is likely experiencing a correction after a significant jump on Wednesday, which may lead to a short-term decline in the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Sociedad Química y Minera de Chile shares fell 4.4% in pre-market trading following weak results for the first quarter.
Weak Q1 results for Sociedad Química y Minera de Chile are likely to negatively impact investor sentiment and drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Applied Digital Corporation shares declined 5.3% in pre-market trading after CEO and Chairman Wes Cummins bought 10,000 shares of common stock.
Although the CEO's purchase of shares may indicate confidence in the company, the stock price has declined in pre-market trading. The impact on the stock price in the short term is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Cisco Systems shares dropped 3.8% in pre-market trading despite reporting better-than-expected earnings and sales results for its third quarter.
Although Cisco Systems reported better-than-expected earnings and sales results, the stock price has declined in pre-market trading. The impact on the stock price in the short term is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100