Why Renalytix Are Trading Higher By Over 48%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
Renalytix Plc (RNLX) shares surged 48.7% in pre-market trading after receiving FDA De Novo marketing authorization for its KidneyIntelX.dkd prognostic test. Genfit S.A. (GNFT) shares gained 26.6% after positive results from Phase III ELATIVE® trial. Aurinia Pharmaceuticals Inc. (AUPH) shares rose 15.2% after the board announced exploration of strategic alternatives. Better Choice Company Inc. (BTTR) shares gained 15.2% after a $5 million investment from Alphia. Accolade, Inc. (ACCD) gained 12.2% after reporting better than expected Q1 earnings. iMedia Brands, Inc. (IMBIL) fell 18.1% in pre-market trading. Eco Wave Power Global AB (WAVE) fell 15.5% after announcing plans for a share repurchase program. Unicycive Therapeutics, Inc. (UNCY) fell 15.2% after an update on its marketing application.
June 30, 2023 | 12:12 pm
News sentiment analysis
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NEGATIVE IMPACT
iMedia Brands shares fell in pre-market trading.
The article does not provide specific reasons for the fall in iMedia Brands' stock price. However, a significant drop in pre-market trading usually indicates negative sentiment among investors, which could continue to pressure the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Unicycive Therapeutics shares fell after an update on its marketing application.
The article does not provide specific details about the update on Unicycive Therapeutics' marketing application. However, a significant drop in pre-market trading usually indicates negative sentiment among investors, which could continue to pressure the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Eco Wave Power Global shares fell after announcing plans for a share repurchase program.
While share repurchase programs can sometimes boost a company's stock price by reducing the number of shares outstanding, in this case, it appears to have had a negative impact on Eco Wave Power Global's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Accolade shares gained after reporting better than expected Q1 earnings.
Better than expected earnings results are a positive indicator of a company's financial health and performance, which is likely to boost Accolade's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Aurinia Pharmaceuticals shares rose after the board announced exploration of strategic alternatives.
The announcement of the exploration of strategic alternatives indicates that the company is actively seeking ways to increase shareholder value, which is likely to boost Aurinia's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Better Choice Company shares gained after a $5 million investment from Alphia.
The $5 million investment from Alphia is a positive development for Better Choice Company, providing it with additional capital for growth and likely boosting its stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Genfit shares gained after positive results from Phase III ELATIVE® trial.
Positive results from a Phase III trial is a significant milestone for any pharmaceutical company, which is likely to boost Genfit's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Renalytix shares surged after receiving FDA De Novo marketing authorization for its KidneyIntelX.dkd prognostic test.
The FDA approval for Renalytix's KidneyIntelX.dkd prognostic test is a significant positive development for the company, which is likely to boost its stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100