Coherus BioSciences, MicroVision, Millicom And Other Big Stocks Moving Lower On Friday
Portfolio Pulse from Lisa Levin
Coherus BioSciences is acquiring Surface Oncology, causing its stock to tumble 16.8%. ATI Physical Therapy completed a transaction support agreement, leading to a 13.5% dip. Cabot Corporation disclosed the impact of the current demand environment on its business segments, resulting in a 10.4% decline. MicroVision entered a sales agreement with Craig-Hallum Capital Group, causing a 9.4% drop. SoFi Technologies was downgraded by Piper Sandler and B of A Securities, leading to a 9.4% drop.
June 16, 2023 | 2:37 pm
News sentiment analysis
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NEGATIVE IMPACT
ATI Physical Therapy completed a transaction support agreement, leading to a 13.5% dip in its stock price.
The completion of the transaction support agreement may have raised concerns about ATI Physical Therapy's financial stability, causing its stock price to decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Cabot Corporation disclosed the impact of the current demand environment on its business segments, resulting in a 10.4% decline in its stock price.
The disclosure of the negative impact of the current demand environment on Cabot Corporation's business segments has likely caused investor concern, leading to a decline in its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Coherus BioSciences acquires Surface Oncology, causing its stock to tumble 16.8%.
The acquisition of Surface Oncology may have caused uncertainty among investors, leading to a significant drop in Coherus BioSciences' stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
MicroVision entered a sales agreement with Craig-Hallum Capital Group, causing a 9.4% drop in its stock price.
The sales agreement with Craig-Hallum Capital Group may have raised concerns about MicroVision's financial position, leading to a decline in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
SoFi Technologies was downgraded by Piper Sandler and B of A Securities, leading to a 9.4% drop in its stock price.
The downgrades by Piper Sandler and B of A Securities have likely shaken investor confidence in SoFi Technologies, causing its stock price to decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100