Calavo Growers, Mondee Holdings And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several stocks experienced losses in Wednesday's pre-market trading session, including Mondee Holdings, Calavo Growers, and Zai Lab Limited. Factors contributing to these declines include secondary offering pricing, weaker-than-expected Q2 results, and previous day drops.
June 07, 2023 | 10:38 am
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NEGATIVE IMPACT
Calavo Growers shares declined 10.1% to $29.70 in pre-market trading as the company reported weaker-than-expected results for its second quarter on Tuesday.
Calavo Growers' weaker-than-expected Q2 results have negatively impacted its share price. Investors may be concerned about the company's performance and future growth prospects, leading to a decline in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Mondee Holdings shares tumbled 17.1% to $10.53 in pre-market trading after the company reported pricing of secondary offering of common stock by selling stockholders.
The secondary offering pricing announcement by Mondee Holdings has led to a significant decline in its share price. This is likely due to the dilution of existing shares and the potential for increased selling pressure from stockholders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Zai Lab Limited shares dropped 12.1% to $29.50 in pre-market trading after dropping 5% on Tuesday.
Zai Lab Limited's share price has continued to decline, following a 5% drop on Tuesday. The ongoing downward trend may be due to negative market sentiment or other factors not mentioned in the article, leading to a further decline in the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100