Why Hims & Hers Health Shares Are Trading Higher By 17%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
Several stocks are experiencing significant pre-market movements. Infinity Pharmaceuticals (INFI) surged 83.5% after announcing plans to reduce headcount by 78%. Biophytis (BPTS) rose 59.4% following positive opinion from Belgian authorities for its SARA-31 Phase 3 study. Chegg (CHGG) gained 23.4% after reporting better-than-expected quarterly sales. Hims & Hers Health (HIMS) climbed 17.2% after posting upbeat Q2 results and raising full-year revenue forecast. Proterra (PTRA) fell 63% after filing for Chapter 11 bankruptcy. Alteryx (AYX) fell 25% after issuing weak Q3 revenue guidance. Beyond Meat (BYND) fell 16% after reporting downbeat Q2 results and issuing weak revenue forecast for FY23.
August 08, 2023 | 12:20 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Alteryx fell 25% after issuing weak Q3 revenue guidance.
Weak revenue guidance often leads to decreased investor confidence, which can drive down the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Beyond Meat fell 16% after reporting downbeat Q2 results and issuing weak revenue forecast for FY23.
Negative earnings results and weak revenue forecasts often lead to decreased investor confidence, which can drive down the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Proterra fell 63% after filing for Chapter 11 bankruptcy.
Bankruptcy filings typically lead to a significant decrease in stock price as it indicates severe financial distress.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Biophytis rose 59.4% following positive opinion from Belgian authorities for its SARA-31 Phase 3 study.
Positive regulatory news often leads to increased investor confidence, which can drive up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Chegg gained 23.4% after reporting better-than-expected quarterly sales.
Better-than-expected sales results often lead to increased investor confidence, which can drive up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Hims & Hers Health climbed 17.2% after posting upbeat Q2 results and raising full-year revenue forecast.
Positive earnings results and raised revenue forecasts often lead to increased investor confidence, which can drive up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Infinity Pharmaceuticals surged 83.5% after announcing plans to reduce headcount by 78%.
The company's decision to reduce its headcount is likely seen as a cost-saving measure, which could improve its financial performance in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100