Nasdaq, Methanex And Other Big Stocks Moving Lower On Monday
Portfolio Pulse from Lisa Levin
US stocks traded higher on Monday, with the Nasdaq Composite rising around 70 points. However, several big stocks recorded losses, including Nasdaq, Inc., which fell 10.9% after announcing the acquisition of Adenza for $10.5 billion in cash and stock. Methanex Corporation also dropped 7.9% after being downgraded by Scotiabank.
June 12, 2023 | 2:52 pm
News sentiment analysis
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NEGATIVE IMPACT
Methanex Corporation shares dropped 7.9% after being downgraded by Scotiabank from Sector Outperform to Sector Perform.
The downgrade by Scotiabank likely led to a decrease in investor confidence in Methanex Corporation, resulting in a drop in the company's share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Nasdaq, Inc. shares fell 10.9% after announcing the acquisition of Adenza for $10.5 billion in cash and stock.
The acquisition announcement led to a significant drop in Nasdaq, Inc.'s share price, indicating that investors may be concerned about the deal's impact on the company's financials and future growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100