Rackspace Technology, AMC Entertainment And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several stocks including SoundHound AI, Rackspace Technology, Nanobiotix, Sportradar Group, AMC Entertainment, and Nayax recorded losses in Tuesday's pre-market trading session. Citigroup downgraded Rackspace Tech from Neutral to Sell and raised the price target from $1.25 to $1.5. AMC Entertainment shares declined after a court rejected the company's proposed plan to convert preferred shares to common units and implement a stock split.
July 25, 2023 | 10:32 am
News sentiment analysis
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NEGATIVE IMPACT
AMC Entertainment shares declined 5.3% in pre-market trading after a court rejected the company's proposed plan to convert preferred shares to common units and implement a stock split.
The court's rejection of the company's proposed plan is likely to negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Nanobiotix shares declined 5.6% in pre-market trading.
The stock price is likely to be negatively impacted due to the pre-market decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nayax shares fell 4.4% in pre-market trading.
The stock price is likely to be negatively impacted due to the pre-market fall.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Rackspace Technology shares fell 7% in pre-market trading after Citigroup downgraded the stock from Neutral to Sell.
The downgrade by Citigroup is likely to negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
SoundHound AI shares dipped 7.9% in pre-market trading.
The stock price is likely to be negatively impacted due to the pre-market dip.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Sportradar Group shares fell 5.4% in pre-market trading.
The stock price is likely to be negatively impacted due to the pre-market fall.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80