Crude Oil Down 2%; Dragonfly Energy Shares Plunge
Portfolio Pulse from Lisa Levin
Crude oil prices fell 2%, causing energy shares to dip by 2.4%. Dow Jones dropped over 150 points, NASDAQ fell 0.16%, and S&P 500 dropped 0.33%. Housing starts in the US surged 21.7% month-over-month in May. DICE Therapeutics shares rose 37% after Eli Lilly agreed to acquire the company, while Dragonfly Energy shares plunged 45% after pricing 10 million shares at $2 per share.
June 20, 2023 | 6:36 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Codere Online Luxembourg shares rose 7% as consumer discretionary shares increased 0.7% on Tuesday.
The rise in consumer discretionary shares positively impacted CDRO, causing its stock price to increase by 7%.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Cooper-Standard Holdings shares rose 12% as consumer discretionary shares increased 0.7% on Tuesday.
The rise in consumer discretionary shares positively impacted CPS, causing its stock price to increase by 12%.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
DICE Therapeutics shares shot up 37% after Eli Lilly agreed to acquire the company for $48 per share in cash.
The acquisition agreement with Eli Lilly at $48 per share positively impacted DICE Therapeutics' stock price, causing it to rise by 37%.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Quotient Technology shares gained 16% after the company announced it will combine with Neptune Retail Solutions.
The announcement of combining with Neptune Retail Solutions positively impacted Quotient Technology's stock price, causing it to rise by 16%.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
VCI Global shares shot up 221% after the company announced it has been appointed by Cogia GmbH to distribute its AI-based 'Socializer Messenger'.
The announcement of being appointed by Cogia GmbH to distribute its AI-based 'Socializer Messenger' positively impacted VCI Global's stock price, causing it to rise by 221%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Dragonfly Energy shares dropped 45% after pricing 10 million shares at $2 per share in an underwritten public offering.
The underwritten public offering of 10 million shares at $2 per share negatively impacted Dragonfly Energy's stock price, causing it to drop by 45%.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Faraday Future Intelligent Electric shares were down 33% after the company announced it filed for approval to issue a Class A common stock and/or warrants offering up to $300 million.
The announcement of filing for approval to issue a Class A common stock and/or warrants offering up to $300 million negatively impacted Faraday Future's stock price, causing it to drop by 33%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Surgalign Holdings shares fell 79% after the company entered into a definitive agreement to sell its global hardware and biologics business for $5 million through a structured sale process under Chapter 11 of the U.S. Bankruptcy Code.
The definitive agreement to sell its global hardware and biologics business for $5 million under Chapter 11 negatively impacted Surgalign Holdings' stock price, causing it to drop by 79%.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100