AstraZeneca, ECARX Holdings And Other Big Stocks Moving Lower On Monday
Portfolio Pulse from Lisa Levin
Several US stocks recorded losses on Monday, with Protagonist Therapeutics, TOP Financial Group, Icosavax, Astrotech Corporation, Rackspace Technology, Avadel Pharmaceuticals, AstraZeneca, GDEV, ECARX Holdings, MediaAlpha, Smith & Nephew, and BlackBerry all seeing their share prices drop. Notably, AstraZeneca's shares fell 7.4% after it reported high-level results from a Phase 3 trial, and ECARX Holdings announced its intention to increase its investment in JICA Intelligent Robotics.
July 03, 2023 | 2:41 pm
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AstraZeneca's shares fell 7.4% after it reported high-level results from a Phase 3 trial.
The drop in AstraZeneca's share price is likely due to the high-level results from the Phase 3 trial, which may have disappointed investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
ECARX Holdings' shares fell 6.6% after it announced its intention to increase its investment in JICA Intelligent Robotics.
The drop in ECARX Holdings' share price may be due to its announcement of increased investment in JICA Intelligent Robotics, which could be seen as a risky move by investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100