Nasdaq Jumps Over 200 Points; TD Synnex Posts Downbeat Results
Portfolio Pulse from Lisa Levin
U.S. stocks traded higher with the Nasdaq Composite gaining over 200 points. TD Synnex Corp reported worse-than-expected Q2 results and issued Q3 guidance below estimates. Centogene N.V., Black Diamond Therapeutics, and Tivic Health Systems saw their shares rise due to various positive developments. Lordstown Motors Corp filed for Chapter 11 bankruptcy, Adicet Bio shared disappointing data from its Phase 1 study, and Siyata Mobile priced a 50 million share offering, leading to a drop in their shares.
June 27, 2023 | 7:04 pm
News sentiment analysis
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POSITIVE IMPACT
Black Diamond Therapeutics' shares rose after the company announced positive data from its dose escalation study.
The positive data from the company's study could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Centogene N.V. shares rose after the company formed a Saudi Arabian joint venture with Lifera.
The formation of a joint venture with Lifera could positively impact Centogene's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Tivic Health Systems' shares rose after the company signed a distribution agreement with Cardinal Health.
The distribution agreement with Cardinal Health could positively impact Tivic Health's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Adicet Bio's shares dropped after the company shared disappointing data from its Phase 1 study.
The disappointing data from the company's Phase 1 study could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Lordstown Motors Corp's shares dropped after the company filed for Chapter 11 bankruptcy protection.
The company's bankruptcy filing could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
TD Synnex reported worse-than-expected Q2 results and issued Q3 guidance below estimates.
The company's worse-than-expected financial results and lower guidance could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Siyata Mobile's shares dropped after the company priced a 50 million share offering.
The company's share offering could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100