Dell, Broadcom, SentinelOne 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 SentinelOne, Elastic, ChargePoint Holdings, Ginkgo Bioworks, Lexicon Pharmaceuticals, Dell Technologies, and Broadcom.
June 02, 2023 | 10:44 am
News sentiment analysis
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NEGATIVE IMPACT
Broadcom shares dropped 2% in pre-market trading despite reporting upbeat earnings for Q2 and forecasting Q3 revenue above estimates.
Broadcom shares dropped in pre-market trading despite positive earnings and revenue forecast, indicating a potential short-term price correction or market reaction to other factors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
ChargePoint Holdings shares dropped 4% in pre-market trading after reporting Q1 results and issuing weak sales guidance for the current quarter.
ChargePoint Holdings reported weak Q1 results and issued weak sales guidance for the current quarter, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Dell Technologies shares declined 2.9% in pre-market trading following Q1 results.
Dell Technologies reported Q1 results, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ginkgo Bioworks shares fell 3.6% in pre-market trading after gaining over 6% on Thursday.
Ginkgo Bioworks shares fell in pre-market trading after a significant gain on Thursday, indicating a potential short-term price correction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Elastic shares declined 9.3% in pre-market trading after reporting Q4 results and issuing a weak earnings forecast for Q1.
Elastic reported weak Q4 results and issued a weak earnings forecast for Q1, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Lexicon Pharmaceuticals shares dropped 3.3% in pre-market trading after announcing pricing of a $125 million public offering and concurrent private placement.
Lexicon Pharmaceuticals announced the pricing of a $125 million public offering and concurrent private placement, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
SentinelOne shares tumbled 36.3% in pre-market after reporting worse-than-expected Q1 sales and weak Q2 guidance.
SentinelOne reported worse-than-expected Q1 sales and issued weak Q2 guidance, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100