Upstart, Doximity, 2U And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several US stocks recorded losses in Wednesday's pre-market trading session. Doximity, PubMatic, AerSale, Upstart Holdings, 2U, WeWork, ZipRecruiter, Expensify, Super Micro Computer, Lyft, DraftKings, MicroVision, and Tilray Brands all saw their shares dip due to various reasons such as weak sales forecasts, downbeat quarterly results, and weak revenue guidance.
August 09, 2023 | 10:47 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
AerSale shares declined 17.8% after reporting downbeat Q2 results and weak 2023 sales outlook.
The company's downbeat Q2 results and weak 2023 sales outlook are negative signals to investors, which have led to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
DraftKings shares fell 6.3% after Penn Entertainment entered into an exclusive agreement with ESPN, which gives Penn exclusive rights to the ESPN Bet trademark for online sports betting in the U.S. for an initial 10-year term.
The exclusive agreement between Penn Entertainment and ESPN is a negative signal for DraftKings, which has led to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Doximity shares dipped 24.4% after issuing a weak sales forecast.
The company's weak sales forecast is a negative signal to investors, which has led to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Expensify shares declined 12.2% after reporting downbeat Q2 results.
The company's downbeat Q2 results are a negative signal to investors, which has led to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Lyft shares declined 7.8% despite reporting better-than-expected sales for Q2 and strong forecast for Q3.
Despite the company's better-than-expected Q2 sales and strong Q3 forecast, the stock price has decreased.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
MicroVision shares declined 5.5% following weak quarterly results.
The company's weak quarterly results are a negative signal to investors, which has led to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
PubMatic shares tumbled 18% after issuing weak third-quarter revenue guidance.
The company's weak Q3 revenue guidance is a negative signal to investors, which has led to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Super Micro Computer shares fell 10.5% despite posting upbeat quarterly results but issued weak sales outlook.
Despite the company's upbeat quarterly results, its weak sales outlook is a negative signal to investors, which has led to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tilray Brands shares fell 4.6% despite announcing an agreement to acquire eight beer and beverage brands from Anheuser-Busch.
Despite the company's announcement of an acquisition, the stock price has decreased.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
2U shares dipped 17.1% following weaker-than-expected quarterly results.
The company's weaker-than-expected quarterly results are a negative signal to investors, which has led to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Upstart Holdings shares tumbled 17.4% despite reporting better-than-expected Q2 results but issued weak revenue forecast for Q3.
Despite the company's better-than-expected Q2 results, its weak Q3 revenue forecast is a negative signal to investors, which has led to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
WeWork shares fell 16.6% following Q2 results.
The company's Q2 results are a negative signal to investors, which has led to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
ZipRecruiter shares tumbled 15% following quarterly results and a downgrade from Evercore ISI Group.
The company's quarterly results and the downgrade from Evercore ISI Group are negative signals to investors, which have led to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100