Elanco Animal Health, Sovos Brands, Veritiv, Graham And Other Big Stocks Moving Higher On Monday
Portfolio Pulse from Lisa Levin
Several US stocks recorded gains on Monday, with Vistagen Therapeutics, Sovos Brands, Veritiv Corporation, Graham Corporation, Applied Optoelectronics, Holley Inc., United Homes Group, EchoStar Corporation, ModivCare Inc., Genie Energy Ltd., Manchester United plc, Laureate Education, Elanco Animal Health Incorporated, Viatris Inc., DaVita Inc., and Astronics Corporation among the big movers. The gains were driven by various factors including successful clinical trials, acquisition announcements, better-than-expected quarterly results, and analyst upgrades.
August 07, 2023 | 2:19 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Applied Optoelectronics shares surged after reporting better-than-expected second-quarter adjusted EPS results.
Better-than-expected earnings results typically boost investor confidence and drive up the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
DaVita Inc. shares rose after UBS upgraded the stock and raised its price target.
Analyst upgrades and raised price targets often lead to a rise in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Elanco Animal Health shares rose after the company reported strong earnings and raised its 2023 financial guidance.
Positive earnings reports and raised financial guidance typically boost investor confidence and drive up the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Graham Corporation shares gained following better-than-expected quarterly results.
Better-than-expected earnings results typically boost investor confidence and drive up the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Holley Inc. shares jumped after Telsey Advisory Group upgraded the stock and raised the price target.
Analyst upgrades and raised price targets often lead to a rise in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Laureate Education shares surged after Morgan Stanley upgraded the stock and raised the price target.
Analyst upgrades and raised price targets often lead to a rise in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
EchoStar Corporation shares jumped after Raymond James upgraded the stock and announced a higher price target.
Analyst upgrades and raised price targets often lead to a rise in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Sovos Brands shares climbed after Campbell Soup announced it would acquire the company.
Acquisition announcements often lead to a rise in the stock price of the company being acquired.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Veritiv Corporation shares rose after the company announced it will be acquired by CD&R.
Acquisition announcements often lead to a rise in the stock price of the company being acquired.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Vistagen Therapeutics shares surged after successful Phase 3 trial results.
Positive clinical trial results typically boost investor confidence and drive up the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Viatris Inc. shares gained following better-than-expected second-quarter earnings.
Better-than-expected earnings results typically boost investor confidence and drive up the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100