Sohu.com, Cloudflare And Other Big Stocks Moving Lower In Monday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several stocks recorded losses in Monday's pre-market trading session, including HUTCHMED, Scilex Holding Company, POSCO Holdings, Sohu.com, Cloudflare, Brandywine Realty Trust, and Icahn Enterprises. Notably, Sohu.com reported weak quarterly earnings, and Cloudflare was downgraded from Neutral to Sell by Guggenheim with a $50 price target. Icahn Enterprises also saw a drop after reporting weak Q2 results and cutting its quarterly distribution by 50%.
August 07, 2023 | 10:14 am
News sentiment analysis
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NEGATIVE IMPACT
Brandywine Realty Trust shares fell 3% in pre-market trading.
The pre-market drop in Brandywine Realty Trust's share price indicates a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
HUTCHMED shares dipped 14.1% in pre-market trading.
The significant pre-market dip in HUTCHMED's share price indicates a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Icahn Enterprises shares fell 2.9% in pre-market trading after the company reported weak second-quarter results and cut its quarterly distribution by 50%.
The weak Q2 results, cut in quarterly distribution, and pre-market drop in Icahn Enterprises' share price suggest a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Cloudflare shares fell 3.5% in pre-market trading after Guggenheim downgraded the stock from Neutral to Sell and announced a $50 price target.
The downgrade by Guggenheim and pre-market drop in Cloudflare's share price suggest a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
POSCO Holdings fell 5.5% in pre-market trading.
The pre-market drop in POSCO Holdings' share price indicates a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Scilex shares tumbled 10.1% in pre-market trading after dropping 15% on Friday.
The continued drop in Scilex's share price suggests a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Sohu.com shares declined 3.7% in pre-market trading after reporting weak quarterly earnings.
The weak quarterly earnings report and pre-market drop in Sohu.com's share price suggest a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100