Nikola, Tesla And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
Portfolio Pulse from Lisa Levin
U.S. stock futures traded lower with several big stocks recording losses in pre-market trading. Advanced Health Intelligence Ltd. (AHI) shares declined 11.9% after Bank of New York Mellon raised its stake in the company. Canopy Growth Corporation (CGC) shares dropped 10% despite recent gains. Nikola Corporation (NKLA) shares fell 8.8% following the announcement of asset liquidation of Romeo Power. Other companies experiencing pre-market losses include Kingsoft Cloud Holdings Limited (KC), Rackspace Technology, Inc. (RXT), NOW Inc. (DNOW), MicroVision, Inc. (MVIS), and Tesla, Inc. (TSLA).
July 05, 2023 | 10:33 am
News sentiment analysis
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NEGATIVE IMPACT
Advanced Health Intelligence Ltd. shares declined 11.9% in pre-market trading after Bank of New York Mellon raised its stake in the company.
The increase in stake by Bank of New York Mellon indicates a strong interest in the company, but the market reaction has been negative in the short term, leading to a decline in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Canopy Growth Corporation shares dropped 10% in pre-market trading despite recent gains.
Despite recent gains, Canopy Growth Corporation's shares have dropped in pre-market trading. This could be due to market volatility or profit-taking after the recent surge.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
NOW Inc. shares declined 3.5% in pre-market trading.
NOW Inc.'s shares have declined in pre-market trading. The specific reason for the drop is not mentioned in the news, but it could be due to market trends or company-specific factors.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Kingsoft Cloud Holdings Limited shares dropped 4.8% in pre-market trading.
Kingsoft Cloud Holdings Limited's shares have dropped in pre-market trading. The specific reason for the drop is not mentioned in the news, but it could be due to market trends or company-specific factors.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
MicroVision, Inc. shares dropped 3.4% in pre-market trading.
MicroVision, Inc.'s shares have dropped in pre-market trading. The specific reason for the drop is not mentioned in the news, but it could be due to market trends or company-specific factors.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Nikola Corporation shares fell 8.8% in pre-market trading following the announcement of asset liquidation of Romeo Power.
The announcement of asset liquidation of Romeo Power has negatively impacted Nikola Corporation's shares. This could be due to concerns about the company's financial stability or strategic direction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Rackspace Technology, Inc. shares fell 3.8% in pre-market trading following a 3% drop on Monday.
Rackspace Technology, Inc.'s shares have continued to fall in pre-market trading following a drop on Monday. This suggests a negative trend for the company's shares.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Tesla, Inc. shares slipped 1.1% in pre-market trading despite reporting a sharp increase in China sales for the month of June.
Despite reporting a sharp increase in China sales, Tesla, Inc.'s shares have slipped in pre-market trading. This could be due to market volatility or profit-taking after the recent positive news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100