Ulta Beauty, Tilray Brands And Other Big Stocks Moving Lower In Friday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several big stocks are moving lower in Friday's pre-market session, including SunCar Technology, Tilray Brands, Ulta Beauty, Tingo Group, Iovance Biotherapeutics, Tigo Energy, AMTD IDEA Group, and RH.
May 26, 2023 | 10:28 am
News sentiment analysis
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NEGATIVE IMPACT
AMTD IDEA Group shares fell 3.3% in pre-market trading.
AMTD IDEA Group's stock price is likely to go down in the short term due to the market's reaction to the company's pre-market trading performance, which may indicate negative sentiment surrounding the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Iovance Biotherapeutics shares fell 5.3% after declining around 5% on Thursday.
Iovance Biotherapeutics' stock price is likely to go down in the short term due to the continuation of its decline from Thursday, which may indicate negative sentiment surrounding the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
RH shares declined 2.3% after posting upbeat quarterly results but lowering its FY23 adjusted operating margin guidance.
RH's stock price is likely to go down in the short term due to the company's lowered FY23 adjusted operating margin guidance, which may have disappointed investors despite the upbeat quarterly results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SunCar Technology shares tumbled 24.5% amid volatility following its combination with Goldenbridge Acquisition.
SunCar Technology's stock price is likely to go down in the short term due to the recent completion of its combination with Goldenbridge Acquisition, which has caused increased volatility in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tingo Group shares dropped 7.1% after dropping 18% on Thursday.
Tingo Group's stock price is likely to go down in the short term due to the continuation of its decline from Thursday, which may indicate negative sentiment surrounding the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tilray Brands shares dropped 18.6% after raising $150 million via unsecured convertible senior notes offering.
Tilray Brands' stock price is likely to go down in the short term due to the dilutive effect of raising $150 million through an unsecured convertible senior notes offering, which may increase the company's debt and potentially dilute existing shareholders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tigo Energy shares dropped 3.5% in pre-market trading.
Tigo Energy's stock price is likely to go down in the short term due to the market's reaction to the company's pre-market trading performance, which may indicate negative sentiment surrounding the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ulta Beauty shares fell 8.4% after reporting first-quarter results.
Ulta Beauty's stock price is likely to go down in the short term due to the market's reaction to the company's first-quarter results, which may have disappointed investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100