Dow Tumbles 250 Points; CarMax Posts Upbeat Results
Portfolio Pulse from Lisa Levin
US stocks traded lower on Friday, with the Dow Jones dropping around 250 points. CarMax reported better-than-expected Q1 results, while TRxADE HEALTH, Greenpro Capital, and Smith & Wesson Brands saw their shares rise. Beyond Air, Virgin Galactic, and Oramed Pharmaceuticals experienced declines.
June 23, 2023 | 1:51 pm
News sentiment analysis
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NEGATIVE IMPACT
Oramed Pharmaceuticals shares fell 9% to $3.41 after the company posted a wider-than-expected Q4 loss.
Oramed Pharmaceuticals shares fell 9% after the company reported a wider-than-expected Q4 loss, which is likely to have a negative short-term impact on the stock price as investors react to the disappointing results.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Virgin Galactic shares were down 16% to $4.46 after the company announced a $400 million at-the-market stock offering to raise capital, which would be dilutive to shares.
Virgin Galactic shares fell 16% after the announcement of a $400 million at-the-market stock offering, which is likely to have a negative short-term impact on the stock price as the offering would be dilutive to shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Beyond Air shares dropped 27% to $4.1675 after the company posted a wider-than-expected Q4 loss.
Beyond Air shares fell 27% after the company reported a wider-than-expected Q4 loss, which is likely to have a negative short-term impact on the stock price as investors react to the disappointing results.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Greenpro Capital Corp. shares rose 11% to $2.4792.
Greenpro Capital Corp. shares rose 11% on Friday, which indicates a positive short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
CarMax reported better-than-expected Q1 results, with a sales decline of 17.4% YoY to $7.69 billion and adjusted EPS of $1.16.
CarMax reported better-than-expected Q1 results, which is likely to have a positive short-term impact on the stock price as investors react to the strong performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
TRxADE HEALTH shares shot up 20% to $8.73 after Superlatus signed a binding letter of intent to be acquired by TRxADE HEALTH.
TRxADE HEALTH shares rose 20% after the announcement of the acquisition of Superlatus, which is likely to have a positive short-term impact on the stock price as investors react to the news.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Smith & Wesson Brands shares gained 14% to $12.79 after the company reported a Q4 earnings beat and raised its quarterly dividend.
Smith & Wesson Brands shares rose 14% after the company reported a Q4 earnings beat and raised its quarterly dividend, which is likely to have a positive short-term impact on the stock price as investors react to the strong performance and increased dividend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100