Why Cummins Shares Are Trading Lower By Over 9%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
Portfolio Pulse from Lisa Levin
Numerous stocks experienced significant price changes in Thursday's mid-day session. Companies that posted strong quarterly results, such as Traeger, Inc. (COOK), Upwork Inc. (UPWK), and The Clorox Company (CLX), saw their shares rise. Conversely, companies that reported worse-than-expected results or issued below-consensus outlooks, such as DXC Technology Company (DXC), Expedia Group, Inc. (EXPE), and Cummins Inc. (CMI), saw their shares fall.
August 04, 2023 | 1:56 pm
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POSITIVE IMPACT
The Clorox Company shares surged after the company reported better-than-expected fourth-quarter financial results and issued FY24 EPS guidance.
Better-than-expected earnings results and positive future guidance are typically seen as bullish indicators, leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Traeger, Inc. shares climbed after the company posted strong quarterly results.
Strong quarterly results typically lead to a positive short-term impact on a company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Upwork Inc. shares rose after the company posted strong second-quarter results and raised full-year guidance.
Positive earnings results and raised guidance are typically seen as bullish indicators, leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Cummins Inc. shares fell after the company reported worse-than-expected second-quarter adjusted EPS results.
Negative earnings results are typically seen as a bearish indicator, leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
DXC Technology Company shares declined after the company reported worse-than-expected first-quarter results and issued a below-consensus outlook.
Negative earnings results and a below-consensus outlook are typically seen as bearish indicators, leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Expedia Group, Inc. shares fell after the company reported worse-than-expected second-quarter revenue results and reiterated FY23 guidance.
Negative earnings results and reiterated guidance, when below expectations, are typically seen as bearish indicators, leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100