Levi Strauss, Riot Platforms And Other Big Stocks Moving Lower In Friday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several US stocks are trading lower in the pre-market session. Levi Strauss & Co. (LEVI) shares dipped 8.2% despite reporting upbeat Q2 earnings, as the company lowered its annual profit outlook. BioXcel Therapeutics (BTAI) shares fell 7.4% following the release of topline results for a Phase 3 trial of BXCL501 for Alzheimer's disease-related agitation. Senseonics Holdings (SENS) shares dropped 5.4% after reporting equity grants to employees. Varonis Systems (VRNS) shares declined 4.8%, Lexicon Pharmaceuticals (LXRX) shares fell 3.2%, and Riot Platforms (RIOT) shares slipped 2.5% after issuing production and operations updates.
July 07, 2023 | 10:48 am
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NEGATIVE IMPACT
BioXcel Therapeutics shares fell 7.4% following the release of topline results for a Phase 3 trial of BXCL501 for Alzheimer's disease-related agitation.
The release of topline results for a Phase 3 trial of BXCL501 is likely to have a negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Levi Strauss shares dipped 8.2% in pre-market trading after the company lowered its annual profit outlook despite reporting upbeat Q2 earnings.
The company's decision to lower its annual profit outlook despite positive Q2 earnings is likely to have a negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Lexicon Pharmaceuticals shares fell 3.2% in pre-market trading.
No specific news is mentioned for Lexicon Pharmaceuticals, but the stock is trading lower in the pre-market session.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100
NEGATIVE IMPACT
Riot Platforms shares slipped 2.5% after issuing production and operations updates.
The company's production and operations updates are likely to have a negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Senseonics Holdings shares dropped 5.4% after reporting equity grants to employees.
The company's decision to grant equity to employees is likely to have a negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Varonis Systems shares declined 4.8% in pre-market trading.
No specific news is mentioned for Varonis Systems, but the stock is trading lower in the pre-market session.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100