Crude Oil Down Over 1%; Planet Labs PBC Shares Tumble
Portfolio Pulse from Lisa Levin
U.S. stocks traded higher with Dow Jones gaining around 50 points on Friday. Information technology shares jumped by 0.7%, while materials shares fell by 0.9%. Crude oil traded down 1.4% to $70.28. Braze, Inc. (BRZE) posted upbeat Q1 results and issued a strong forecast, while Planet Labs PBC (PL) shares tumbled after reporting Q1 results.
June 09, 2023 | 6:56 pm
News sentiment analysis
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POSITIVE IMPACT
Braze, Inc. (BRZE) shares rose 15% after the company posted upbeat Q1 results and issued a strong forecast.
Braze, Inc. reported better-than-expected Q1 results and issued a strong forecast, which is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Planet Labs PBC (PL) shares fell 30% after the company reported first-quarter results.
Planet Labs PBC reported Q1 results, which seem to have disappointed investors, leading to a 30% drop in the stock price. This negative sentiment is likely to impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100