Netflix, Synopsys, Madison Square Garden Entertainment And Other Big Stocks Moving Higher On Thursday
Portfolio Pulse from Lisa Levin
US stocks traded mixed on Thursday, with several big stocks recording gains. Notable gainers include Urstadt Biddle Properties, Eltek, SciPlay Corporation, Hawkins, Dole, Take-Two Interactive Software, Madison Square Garden Entertainment, Advanced Drainage Systems, QuinStreet, Luminar Technologies, Bath & Body Works, DouYu International Holdings, Netflix, DLocal, Synopsys, and Teva Pharmaceutical Industries.
May 18, 2023 | 2:20 pm
News sentiment analysis
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POSITIVE IMPACT
Netflix shares rose 8% to $367.28 following a report suggesting the company said its ad-supported tier has nearly 5 million global monthly active users.
Netflix's stock price is likely to go up in the short term due to the positive news about its ad-supported tier reaching nearly 5 million global monthly active users. This indicates growth in the company's user base and potential for increased revenue, making it relevant and important for investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
SciPlay Corporation shares gained 26.4% to $19.66 after Light & Wonder announced a proposal to acquire the remaining public shares of the company.
SciPlay Corporation's stock price is likely to go up in the short term due to the acquisition proposal by Light & Wonder. The proposal to acquire the remaining public shares of the company is a significant event, making it highly relevant and important for investors.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Synopsys shares gained 6.8% to $402.85 after the company reported better-than-expected Q2 financial results and issued FY23 guidance.
Synopsys' stock price is likely to go up in the short term due to the better-than-expected Q2 financial results and the issuance of FY23 guidance. Strong financial performance and positive outlook make this news highly relevant and important for investors.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Teva Pharmaceutical Industries shares climbed 5.4% to $8.56 after Evercore ISI Group upgraded the company from In-Line to Outperform.
Teva Pharmaceutical Industries' stock price is likely to go up in the short term due to the analyst upgrade by Evercore ISI Group. The upgrade from In-Line to Outperform indicates a positive outlook for the company, making it relevant and important for investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Urstadt Biddle Properties shares surged 28.5% to $19.72 after Regency Centers announced plans to acquire the company in an all-stock transaction valued at $1.4 billion.
Urstadt Biddle Properties' stock price is likely to go up in the short term due to the announced acquisition by Regency Centers. The all-stock transaction valued at $1.4 billion is a significant event for the company, making it highly relevant and important for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100