US Stocks Open Higher; Retail Sales Rise In May
Portfolio Pulse from Lisa Levin
US stocks opened higher with the Dow Jones gaining around 180 points, NASDAQ rising 0.18%, and S&P 500 gaining 0.35%. Retail sales in the US increased 0.3% month-over-month in May, beating market expectations. Energy shares jumped by 1.4%, while real estate shares fell by 0.2%.
June 15, 2023 | 2:15 pm
News sentiment analysis
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NEGATIVE IMPACT
Bone Biologics Corporation (NASDAQ:BBLG) shares were down 53% to $1.8650 after the company priced its public offering of 2.54 million shares at $1.97 per share.
Bone Biologics Corporation (NASDAQ:BBLG) shares were down 53% after the company priced its public offering of 2.54 million shares at $1.97 per share. This news directly impacts the stock price in the short term, as it indicates a dilution of existing shares and a lower-than-expected offering price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Mersana Therapeutics, Inc. (NASDAQ:MRSN) shares dropped 58% to $4.0450 after the FDA issued a partial clinical hold pausing new patient enrollment in the company's UP-NEXT and UPGRADE-A ovarian cancer trials.
Mersana Therapeutics, Inc. (NASDAQ:MRSN) shares dropped 58% after the FDA issued a partial clinical hold pausing new patient enrollment in the company's UP-NEXT and UPGRADE-A ovarian cancer trials. This news directly impacts the stock price in the short term, as it indicates a setback for the company's clinical trials.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Top KingWin Ltd (NASDAQ:TCJH) shares were down 24% to $7.09.
Top KingWin Ltd (NASDAQ:TCJH) shares were down 24% to $7.09. This indicates a negative short-term impact on the stock price, although no specific news is mentioned in the article.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
EdtechX Holdings Acquisition Corp. II (NASDAQ:EDTX) shares shot up 142% to $26.80 after the company reported an amendment to extend the date to consummate a business combination.
EdtechX Holdings Acquisition Corp. II (NASDAQ:EDTX) shares shot up 142% after the company reported an amendment to extend the date to consummate a business combination. This news directly impacts the stock price in the short term, as it indicates a positive development for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Earthstone Energy, Inc. (NYSE:ESTE) shares gained 5% as energy shares jumped by 1.4% on Thursday.
As energy shares jumped by 1.4%, Earthstone Energy, Inc. (NYSE:ESTE) shares gained 5%. This indicates a positive short-term impact on the stock price due to the overall sector performance.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Leju Holdings Limited (NYSE:LEJU) shares gained 32% to $3.85 after gaining 15% on Wednesday.
Leju Holdings Limited (NYSE:LEJU) shares gained 32% after gaining 15% on Wednesday. This indicates a positive short-term impact on the stock price due to the recent momentum.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
MicroVision, Inc. (NASDAQ:MVIS) shares gained 13% to $5.21 after the company withdrew its proposed public offering of common stock.
MicroVision, Inc. (NASDAQ:MVIS) shares gained 13% after the company withdrew its proposed public offering of common stock. This news directly impacts the stock price in the short term, as it indicates a change in the company's financing strategy.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) shares gained 8% as energy shares jumped by 1.4% on Thursday.
As energy shares jumped by 1.4%, Patterson-UTI Energy, Inc. (NASDAQ:PTEN) shares gained 8%. This indicates a positive short-term impact on the stock price due to the overall sector performance.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80