AlloVir, DigitalOcean And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Portfolio Pulse from Lisa Levin
AlloVir, U Power, DigitalOcean, Beneficient, Summit Therapeutics, AMC Entertainment, and Faraday Future stocks are trading lower in Thursday's pre-market session. AlloVir priced its 20 million share offering at $3.75 per share, and China unveiled a $72.3 billion tax break package for EVs and green cars.
June 22, 2023 | 10:35 am
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NEGATIVE IMPACT
AlloVir shares dipped 24.1% to $3.74 in pre-market trading after pricing its 20 million share offering at $3.75 per share.
AlloVir's stock price is likely to be negatively impacted in the short term due to the pricing of its 20 million share offering at $3.75 per share, which is lower than the current market price. This may lead to dilution of existing shares and a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
AMC Entertainment shares fell 4% to $4.35 in pre-market trading.
AMC Entertainment's stock price is likely to be negatively impacted in the short term due to the 4% drop in pre-market trading. The specific reason for the drop is not mentioned in the article, but it may be due to market sentiment or other external factors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Beneficient shares dropped 5.1% to $4.09 in pre-market trading.
Beneficient's stock price is likely to be negatively impacted in the short term due to the 5.1% drop in pre-market trading. The specific reason for the drop is not mentioned in the article, but it may be due to market sentiment or other external factors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
DigitalOcean shares fell 5.7% to $39.01 in pre-market trading after Piper Sandler downgraded the stock from Neutral to Underweight and announced a $35 price target.
DigitalOcean's stock price is likely to be negatively impacted in the short term due to the downgrade by Piper Sandler from Neutral to Underweight and the announcement of a $35 price target. This may lead to a decrease in investor confidence and a potential sell-off of the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Faraday Future shares fell 3.2% to $0.2370 in pre-market trading.
Faraday Future's stock price is likely to be negatively impacted in the short term due to the 3.2% drop in pre-market trading. The specific reason for the drop is not mentioned in the article, but it may be due to market sentiment or other external factors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Summit Therapeutics shares fell 4.6% to $2.68 in pre-market trading.
Summit Therapeutics' stock price is likely to be negatively impacted in the short term due to the 4.6% drop in pre-market trading. The specific reason for the drop is not mentioned in the article, but it may be due to market sentiment or other external factors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
U Power shares dropped 9.6% to $7.56 in pre-market trading after China unveiled a $72.3 billion tax break package for electric vehicles and green cars.
U Power's stock price is likely to be negatively impacted in the short term due to China's announcement of a $72.3 billion tax break package for electric vehicles and green cars. This may lead to increased competition in the industry and potentially affect U Power's market share and revenues.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100