Micron Technology, Niu Technologies And Other Big Stocks Moving Lower In Monday's Pre-Market Session
Portfolio Pulse from Lisa Levin
In today's pre-market session, several big stocks recorded losses, including SunCar Technology Group, Expensify, Micron Technology, TuSimple Holdings, Niu Technologies, and Catalent. Micron Technology's product sales were banned in China after a seven-week investigation.
May 22, 2023 | 10:07 am
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NEGATIVE IMPACT
Catalent shares fell 2.8% to $36.12 in pre-market trading after gaining over 15% on Friday. The company announced it delayed Q3 results and held a conference call to provide a business update.
Catalent's shares fell in pre-market trading after the company announced a delay in its Q3 results and provided a business update. Investors may be reacting negatively to the uncertainty surrounding the company's financial performance and future prospects.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Expensify shares fell 6.9% to $6.07 in pre-market trading after launching transactional chat for accountants.
Expensify's shares fell in pre-market trading after launching a new feature for accountants. The market may be reacting negatively to the news, possibly due to concerns about the feature's impact on the company's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Micron Technology shares dropped 5.8% to $64.23 in pre-market trading after China banned some of its product sales following a seven-week investigation.
Micron Technology's shares dropped significantly in pre-market trading due to China's ban on some of its product sales. The ban, resulting from a seven-week investigation, is likely to negatively impact the company's revenue and growth prospects in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Niu Technologies shares dropped 3% to $3.95 in pre-market trading after reporting a wider loss for the first quarter.
Niu Technologies' shares dropped in pre-market trading after the company reported a wider loss for the first quarter. Investors may be concerned about the company's financial performance and growth prospects, leading to a negative impact on the stock's value.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
SunCar Technology Group shares dropped 19.2% to $6.30 in pre-market trading after jumping 90% on Friday.
SunCar Technology Group's shares dropped significantly in pre-market trading after a huge jump on Friday, indicating a potential correction or profit-taking by investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
TuSimple Holdings shares fell 5% to $1.52 in pre-market trading after gaining around 10% on Friday.
TuSimple Holdings' shares fell in pre-market trading after a significant gain on Friday. This drop may be due to profit-taking or a market correction following the recent increase in the stock's value.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100