Nike And Other Big Stocks Moving Lower In Friday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several big stocks are recording losses in today's pre-market trading session. Trupanion, Inc. (TRUP) shares dropped 12% after California and New York approved the company's requested rate increases. NIKE, Inc (NKE) shares fell 3.5% following downbeat earnings for its fourth quarter. Xiao-I Corporation (AIXI), Chijet Motor Company, Inc. (CJET), Harmony Gold Mining Company Limited (HMY), and Senseonics Holdings, Inc. (SENS) also experienced declines in pre-market trading.
June 30, 2023 | 10:03 am
News sentiment analysis
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NEGATIVE IMPACT
Xiao-I Corporation's shares dropped 3.5% in pre-market trading.
The drop in Xiao-I Corporation's share price in pre-market trading may be due to a variety of factors, including overall market conditions or company-specific news.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Chijet Motor Company's shares fell 2.5% in pre-market trading.
The drop in Chijet Motor Company's share price in pre-market trading may be due to a variety of factors, including overall market conditions or company-specific news.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Harmony Gold Mining Company's shares declined 2.2% in pre-market trading.
The decline in Harmony Gold Mining Company's share price in pre-market trading may be due to a variety of factors, including overall market conditions or company-specific news.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
NIKE's shares fell 3.5% in pre-market trading following downbeat earnings for its fourth quarter.
The drop in NIKE's share price is likely due to the company's disappointing earnings report for the fourth quarter, which may have led investors to revise their expectations for the company's future profitability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Senseonics Holdings' shares slipped 2.1% in pre-market trading.
The slip in Senseonics Holdings' share price in pre-market trading may be due to a variety of factors, including overall market conditions or company-specific news.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Trupanion's shares dropped 12% in pre-market trading after rate increases were approved in California and New York.
The approval of rate increases is likely to increase the company's revenues, but the market reaction suggests investors may be concerned about potential customer churn or other negative impacts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100