Affirm Holdings, Applied Digital And Other Big Stocks Moving Lower On Thursday
Portfolio Pulse from Lisa Levin
US stocks traded lower with the Dow Jones dropping over 450 points. Applied Digital Corporation (APLD) dipped 14.1% after a short report by Wolf Pack Research. Affirm Holdings (AFRM) dropped 14% following a downgrade from Piper Sandler. Other stocks that recorded losses include SoundHound AI (SOUN), BioXcel Therapeutics (BTAI), ProKidney Corp (PROK), Offerpad Solutions (OPAD), Calliditas Therapeutics (CALT), Exscientia (EXAI), Aurora Innovation (AUR), Sunrun (RUN), Archer Aviation (ACHR), Joby Aviation (JOBY), Wallbox (WBX), Stem (STEM), Peloton Interactive (PTON), Rocket Companies (RKT), Upstart Holdings (UPST), Ginkgo Bioworks Holdings (DNA), Wayfair (W), Block (SQ), Rackspace Technology (RXT), Teladoc Health (TDOC), and Twilio (TWLO).

July 06, 2023 | 4:49 pm
News sentiment analysis
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NEGATIVE IMPACT
Archer Aviation's stock fell 9.4% despite a reiterated Buy rating and maintained $9 price target from Canaccord Genuity.
Despite a reiterated Buy rating and maintained $9 price target from Canaccord Genuity, the stock price of Archer Aviation has decreased.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Affirm Holdings' stock dropped 14% following a downgrade from Piper Sandler.
The downgrade from Piper Sandler has led to a decrease in the stock price of Affirm Holdings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Applied Digital Corporation's stock dipped 14.1% after a short report by Wolf Pack Research.
The negative report by Wolf Pack Research has led to a decrease in the stock price of Applied Digital Corporation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Aurora Innovation's stock dropped 10%.
The stock price of Aurora Innovation has decreased.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
BioXcel Therapeutics' stock dropped 12.1% after climbing over 42% on Wednesday.
The stock price of BioXcel Therapeutics has decreased after a significant increase on Wednesday.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Calliditas Therapeutics' stock dropped 11% after gaining around 13% on Wednesday.
The stock price of Calliditas Therapeutics has decreased after a significant increase on Wednesday.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Ginkgo Bioworks Holdings' stock fell 7.7%.
The stock price of Ginkgo Bioworks Holdings has decreased.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Exscientia's stock fell 10.3%.
The stock price of Exscientia has decreased.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Joby Aviation's stock dropped 9.3%.
The stock price of Joby Aviation has decreased.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Offerpad Solutions' stock fell 11.6% after announcing a change in CFO.
The announcement of a change in CFO has led to a decrease in the stock price of Offerpad Solutions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
ProKidney Corp's stock dipped 11.7%.
The stock price of ProKidney Corp has decreased.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Peloton Interactive's stock fell 8.9%.
The stock price of Peloton Interactive has decreased.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Rocket Companies' stock fell 8.9%.
The stock price of Rocket Companies has decreased.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Sunrun's stock declined 9.5%.
The stock price of Sunrun has decreased.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Rackspace Technology's stock fell 7.2%.
The stock price of Rackspace Technology has decreased.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
SoundHound AI's shares tumbled 13.4%.
The stock price of SoundHound AI has decreased.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Block's stock fell 7.3%.
The stock price of Block has decreased.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Stem's stock dipped 9%.
The stock price of Stem has decreased.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Teladoc Health's stock dropped 6.8%.
The stock price of Teladoc Health has decreased.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Twilio's stock fell 5.7%.
The stock price of Twilio has decreased.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Upstart Holdings' stock declined 8.4% potentially in sympathy with peer digital lending platform Affirm Holdings.
The stock price of Upstart Holdings has decreased potentially in sympathy with peer digital lending platform Affirm Holdings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Wayfair's stock dropped 7.7%.
The stock price of Wayfair has decreased.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Wallbox's stock dropped 9.1%.
The stock price of Wallbox has decreased.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100