RingCentral, Alteryx, International Flavors & Fragrances And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several big stocks recorded losses in Tuesday's pre-market trading session. Proterra Inc. filed for Chapter 11 bankruptcy protection, causing its shares to tumble 63%. Alteryx, Inc. declined 25% after reporting weak Q2 results and Q3 revenue guidance. International Flavors & Fragrances Inc. shares tumbled 21.6% after reporting worse-than-expected Q2 results and a reduced FY23 outlook. Beyond Meat, Inc. shares dipped 16% after reporting downbeat Q2 results and a weak revenue forecast for FY23. Other companies that saw their shares decline include Maravai LifeSciences Holdings, Inc., American Superconductor Corporation, RingCentral, Inc., Rigetti Computing, Inc., Upstart Holdings, Inc., Hercules Capital, Inc., Safehold Inc., Coterra Energy Inc., and Li Auto Inc.
August 08, 2023 | 10:37 am
News sentiment analysis
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NEGATIVE IMPACT
Alteryx, Inc. declined 25% after reporting weak Q2 results and Q3 revenue guidance.
The weak Q2 results and Q3 revenue guidance indicate that the company's financial performance is not meeting expectations, which negatively impacts investor sentiment and leads to a decline in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Beyond Meat, Inc. shares dipped 16% after reporting downbeat Q2 results and a weak revenue forecast for FY23.
The downbeat Q2 results and weak revenue forecast for FY23 indicate that the company's financial performance is not meeting expectations, which negatively impacts investor sentiment and leads to a decline in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
International Flavors & Fragrances Inc. shares tumbled 21.6% after reporting worse-than-expected Q2 results and a reduced FY23 outlook.
The worse-than-expected Q2 results and reduced FY23 outlook indicate that the company's financial performance is not meeting expectations, which negatively impacts investor sentiment and leads to a decline in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Proterra Inc. filed for Chapter 11 bankruptcy protection, causing its shares to tumble 63%.
The filing for bankruptcy protection is a significant negative event that directly impacts the company's financial stability and future prospects, leading to a sharp decline in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100