Why Progressive Shares Are Trading Lower By 12%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
Portfolio Pulse from Lisa Levin
The article lists the stocks that gained and lost the most during Thursday's mid-day trading session. Progressive Corporation (NYSE:PGR) shares fell by 11.8% due to below-consensus Q2 results. Other notable losers include Viasat, Inc. (NASDAQ:VSAT) and Cryoport, Inc. (NASDAQ:CYRX). On the gainers' side, Synaptogenix, Inc. (NASDAQ:SNPX) and Jiuzi Holdings, Inc. (NASDAQ:JZXN) saw significant increases.
July 13, 2023 | 4:49 pm
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POSITIVE IMPACT
Jiuzi Holdings, Inc. shares surged 55.4% after the stock began trading on a 1:18 reverse split.
The stock began trading on a 1:18 reverse split, which led to an increase in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Synaptogenix, Inc. shares gained 85.5% after the company's abstract highlighting Bryostatin-1 benefits in severe Alzheimer's disease was accepted for presentation at a neuroscience congress.
The company's abstract was accepted for presentation at a neuroscience congress, which led to an increase in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Cryoport, Inc. shares fell by 25.4% after the company announced lower than expected interim second-quarter earnings, FY23 guidance.
The company announced lower than expected Q2 earnings, which led to a decrease in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Progressive Corporation shares fell by 11.8% due to below-consensus Q2 results.
The company reported below-consensus Q2 results, which led to a decrease in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Viasat, Inc. shares fell by 30.3% after the company reported an unexpected event during reflector deployment that may impact ViaSat-3 Americas satellite performance.
The company reported an unexpected event that may impact the performance of one of its satellites, which led to a decrease in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100