Why Universal Health Services Shares Are Trading Lower By 6%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
Portfolio Pulse from Lisa Levin
The article lists the stocks that gained and lost the most in Wednesday's mid-day session. Some of the top gainers include Silicon Motion Technology Corporation, Mallinckrodt plc, and ABVC BioPharma, Inc. due to various reasons such as merger approvals, potential bankruptcy plans, and new partnerships. On the other hand, some of the top losers include Dunxin Financial Holdings Limited, Carmell Therapeutics Corporation, and Inpixon due to reasons such as weak quarterly sales, pricing of registered direct offering, and merger agreements.
July 26, 2023 | 5:57 pm
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NEGATIVE IMPACT
Carmell Therapeutics declined 22.7%.
The article does not provide a specific reason for the decline in Carmell Therapeutics' stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Dunxin Financial Holdings shares fell 44.8% after the company reported pricing of $1.09 million registered direct offering.
The pricing of the registered direct offering is lower than expected, which is why the stock price has decreased.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Inpixon declined 20% after agreeing to merge with XTI Aircraft Company.
The merger agreement with XTI Aircraft Company is seen as a negative by investors, which is why the stock price has decreased.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
ABVC BioPharma gained 48.7% after signing a term sheet to advance a partnership with Zhonghui United Technology Group Co., Ltd.
The new partnership is a positive development for ABVC BioPharma, which is why the stock price has increased.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Mallinckrodt gained 70% as the company is considering bankruptcy to avoid paying money it owes opioid victims.
The potential bankruptcy could help Mallinckrodt avoid significant financial liabilities, which is seen as a positive by investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Silicon Motion shares climbed 78.9% following a report suggesting China approval of the company's Maxlinear merger.
The approval of the merger by China is a positive development for Silicon Motion, which is why the stock price has increased.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100