Dow Falls Over 100 Points; US Producer Prices Drop In May
Portfolio Pulse from Lisa Levin
US stocks traded mixed with Dow Jones dropping over 100 points, while NASDAQ and S&P 500 rose. Energy shares jumped by 0.9%, with NextDecade Corporation and Ardmore Shipping Corporation as top gainers. US producer prices for final demand fell 0.3% in May.
June 14, 2023 | 2:02 pm
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POSITIVE IMPACT
Ardmore Shipping Corporation shares rose 4% as energy shares jumped by 0.9% on Wednesday.
Ardmore Shipping Corporation's stock price is likely to go up in the short term as energy shares jumped by 0.9% on Wednesday, and the company was among the top gainers in the sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Inventiva shares gained 24% after announcing its Phase II clinical trial evaluating lanifibranor in patients with T2D and NAFLD achieved its primary efficacy endpoint.
Inventiva's stock price is likely to go up in the short term due to the announcement of positive Phase II clinical trial results for lanifibranor, which is a positive development for the company's drug pipeline.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
NextDecade Corporation shares rose 50% after announcing framework agreements with Global Infrastructure Partners and TotalEnergies for the Rio Grande LNG project.
NextDecade Corporation's stock price is likely to go up in the short term due to the announcement of framework agreements with major partners for the Rio Grande LNG project, which is a positive development for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
WeTrade Group shares shot up 113% after launching large-scale language processing models to increase product applications in the field of artificial intelligence.
WeTrade Group's stock price is likely to go up in the short term due to the launch of large-scale language processing models, which is a positive development for the company's product applications in the field of artificial intelligence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Cineverse Corp shares dropped 30% after the company reported pricing of $8 million public offering.
Cineverse Corp's stock price is likely to go down in the short term due to the announcement of the pricing of an $8 million public offering, which may dilute existing shareholders' ownership.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Eastside Distilling shares fell 23% after the company disclosed business and financial updates.
Eastside Distilling's stock price is likely to go down in the short term due to the disclosure of business and financial updates, which may have been perceived negatively by investors.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
IperionX Limited shares were down 27% after climbing over 100% on Tuesday following the announcement of producing titanium components for Ford Motor Company.
IperionX Limited's stock price is likely to go down in the short term as the shares were down 27% after climbing over 100% on Tuesday, possibly due to profit-taking by investors after the announcement of producing titanium components for Ford Motor Company.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100