WD-40, VOXX International And 3 Stocks To Watch Heading Into Tuesday
Portfolio Pulse from Lisa Levin
CalAmp Corp. reported a loss for Q1 and issued a weak revenue forecast for Q2, causing its shares to fall 1.9%. Byrna Technologies is expected to post quarterly earnings of 1 cent per share on revenue of $12 million. Iovance Biotherapeutics priced its public offering of 20 million shares at $7.50 per share, leading to a 9.9% drop in its shares. WD-40 Company reported better-than-expected Q3 results and announced a 50 million share buyback program, causing its shares to gain 4.1%. VOXX International Corporation reported downbeat Q3 results, leading to a 12.8% dip in its shares.
July 11, 2023 | 8:16 am
News sentiment analysis
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POSITIVE IMPACT
WD-40 Company reported better-than-expected Q3 results and announced a 50 million share buyback program, causing its shares to gain 4.1%.
WD-40's better-than-expected Q3 results and the announcement of a share buyback program are likely to positively impact investor sentiment and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Byrna Technologies is expected to post quarterly earnings of 1 cent per share on revenue of $12 million.
The expected earnings for Byrna Technologies are neutral news and are unlikely to have a significant impact on the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
CalAmp Corp. reported a loss for Q1 and issued a weak revenue forecast for Q2, causing its shares to fall 1.9%.
CalAmp's poor Q1 performance and weak Q2 forecast are likely to negatively impact investor sentiment and drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Iovance Biotherapeutics priced its public offering of 20 million shares at $7.50 per share, leading to a 9.9% drop in its shares.
The pricing of Iovance Biotherapeutics' public offering below the current share price is likely to negatively impact investor sentiment and drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
VOXX International Corporation reported downbeat Q3 results, leading to a 12.8% dip in its shares.
VOXX International's poor Q3 performance is likely to negatively impact investor sentiment and drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100