Masimo, Acumen Pharmaceuticals And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several stocks recorded losses in Tuesday's pre-market trading session. Masimo Corporation shares dipped 27.3% after reporting weak preliminary revenue results for Q2. Acumen Pharmaceuticals tumbled 9.5% after reporting a proposed public offering of common stock. Lumentum Holdings, GDS Holdings, Faraday Future Intelligent Electric, Nikola Corporation, and Synchrony Financial also saw declines.
July 18, 2023 | 10:46 am
News sentiment analysis
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Acumen Pharmaceuticals tumbled 9.5% after reporting a proposed public offering of common stock.
The company's announcement of a proposed public offering of common stock has led to a drop in the stock price, possibly due to dilution concerns.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Faraday Future Intelligent Electric shares fell 3.9% in pre-market trading after gaining 13% on Monday.
After a significant gain on Monday, Faraday Future Intelligent Electric's stock price has fallen in pre-market trading, possibly due to profit-taking.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
GDS Holdings shares declined 4.5% in pre-market trading.
The article does not provide a specific reason for the drop in GDS Holdings' stock price. However, the pre-market decline suggests negative investor sentiment.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Lumentum Holdings shares fell 7.5% in pre-market trading.
The article does not provide a specific reason for the drop in Lumentum Holdings' stock price. However, the significant pre-market decline suggests negative investor sentiment.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Masimo Corporation shares dipped 27.3% after reporting weak preliminary revenue results for Q2.
The company's weak preliminary revenue results for Q2 have negatively impacted investor sentiment, leading to a significant drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Nikola Corporation shares declined 3% in pre-market trading after gaining around 4% on Monday.
After a gain on Monday, Nikola Corporation's stock price has fallen in pre-market trading, possibly due to profit-taking.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Synchrony Financial shares fell 2% in pre-market trading following second-quarter results.
Synchrony Financial's stock price has fallen following the release of its Q2 results, suggesting that the results did not meet investor expectations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100