Why Couchbase Shares Are Trading Lower By Around 19%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
Portfolio Pulse from Lisa Levin
Couchbase shares fell by around 19% after the company posted Q1 earnings and issued a weak Q2 sales forecast. Other stocks that moved in Wednesday's mid-day session include Mobiquity Technologies, Farmer Bros., Yext, Stitch Fix, and Dave & Buster's Entertainment, among others.
June 07, 2023 | 6:03 pm
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NEGATIVE IMPACT
Couchbase shares fell 18.8% to $18.05 after the company posted Q1 earnings and issued a weak Q2 sales forecast.
Couchbase's weak Q2 sales forecast has led to a decline in its share price as investors may be concerned about the company's future growth prospects. This negative sentiment is likely to impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100