Why Avantor Shares Are Trading Lower By 10%? Here Are Other Stocks Moving In Friday's Mid-Day Session
Portfolio Pulse from Lisa Levin
The article lists the stocks that gained and lost the most during Friday's mid-day trading session. Among the gainers were Unique Fabricating, Reata Pharmaceuticals, and Bluejay Diagnostics, while the losers included Tonix Pharmaceuticals, Sleep Number Corporation, and Femasys Inc. Avantor shares fell by 9.9% due to worse-than-expected Q2 financial results.
July 28, 2023 | 5:07 pm
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NEGATIVE IMPACT
Avantor shares fell by 9.9% due to worse-than-expected Q2 financial results.
The company's worse-than-expected Q2 financial results led to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tonix Pharmaceuticals shares declined 39% to $1.0850. Tonix Pharmaceuticals priced public offering of 7 million common shares at $1 per share.
The company's stock price decreased significantly after it priced a public offering of 7 million common shares at $1 per share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Reata Pharmaceuticals gained 53.3% to $166.41 after Biogen agreed to acquire the company.
The company's stock price increased significantly after Biogen agreed to acquire it.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Unique Fabricating shares jumped 113% to $0.4605 after gaining 12% on Thursday.
The company's stock price increased significantly, possibly due to positive market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100