Why Cineverse Shares Are Trading Lower By 18%? Here Are Other Stocks Moving In Friday's Mid-Day Session
Portfolio Pulse from Lisa Levin
In Friday's mid-day session, several stocks saw significant movement. Addentax Group Corp. (ATXG) shares jumped 47.3% following the launch of an AI internet operational tools project with top Games-as-a-Service firms. Cineverse Corp. (CNVS) fell 17.8% after reporting weak Q4 sales. Other notable movers include CymaBay Therapeutics, Inc. (CBAY), Cyteir Therapeutics, Inc. (CYT), and Renalytix Plc (RNLX).
June 30, 2023 | 4:34 pm
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NEGATIVE IMPACT
Cineverse Corp. fell 17.8% after the company reported weak fourth-quarter sales.
Cineverse's weak Q4 sales report has negatively impacted investor confidence, leading to a significant drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Addentax Group Corp. shares jumped 47.3% following the launch of an AI internet operational tools project with top Games-as-a-Service firms.
The launch of the AI project is a significant development for Addentax, which has led to increased investor confidence and a surge in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100