Why Franklin Covey Shares Are Trading Higher By 25%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
Portfolio Pulse from Lisa Levin
Several stocks experienced significant movement in Thursday's mid-day session. Sigilon Therapeutics (SGTX) shares climbed 523.8% after Eli Lilly agreed to acquire the company. Eco Wave Power Global (WAVE) gained 47.4% after announcing plans for a share repurchase program. Franklin Covey Co. (FC) gained 25.2% following upbeat Q3 results. Carriage Services (CSV) surged 24.4% after its Board initiated a process to explore potential strategic alternatives. The Greenbrier Companies (GBX) gained 23.2% after reporting better-than-expected Q3 results and raising FY23 revenue guidance. On the downside, BioXcel Therapeutics (BTAI) shares dipped 62.2% after releasing topline results from a Phase 3 trial.
June 29, 2023 | 5:52 pm
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NEGATIVE IMPACT
BioXcel Therapeutics shares dipped after releasing topline results from a Phase 3 trial.
Negative clinical trial results can significantly impact a biotech company's share price. The release of topline results from a Phase 3 trial has led to a significant dip in BioXcel Therapeutics' shares.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Franklin Covey Co. shares gained following upbeat Q3 results.
Positive quarterly results are a strong signal of a company's good performance, leading to an increase in its share price. Franklin Covey Co.'s upbeat Q3 results have led to a significant gain in its shares.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Sigilon Therapeutics shares climbed significantly after Eli Lilly agreed to acquire the company.
The acquisition news by a major pharmaceutical company like Eli Lilly is a strong positive signal for Sigilon Therapeutics, leading to a significant increase in its share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Eco Wave Power Global shares gained after announcing plans for a share repurchase program.
The announcement of a share repurchase program is generally seen as a positive signal by the market, as it indicates that the company believes its shares are undervalued. This has led to a significant increase in Eco Wave Power Global's share price.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100