Why Capri Holdings Shares Are Trading Lower By Around 11%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
Portfolio Pulse from Lisa Levin
Capri Holdings shares dropped 10.8% following Q4 results, with the company projecting lower-than-expected Q1 revenue and EPS. Other stocks experienced significant price movements during Wednesday's mid-day session, with gainers including Aridis Pharmaceuticals, Bluejay Diagnostics, and VIQ Solutions, while losers included QualTek Services, Belite Bio, and Advance Auto Parts.
May 31, 2023 | 5:04 pm
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NEGATIVE IMPACT
Capri Holdings shares dropped 10.8% following Q4 results, with the company projecting lower-than-expected Q1 revenue and EPS.
Capri Holdings reported Q4 results and provided a lower-than-expected Q1 revenue and EPS guidance. This negative outlook is likely to cause a short-term decline in the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100