Trade Desk, Plug Power, TaskUs And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several stocks recorded losses in Thursday's pre-market trading session. Origin Materials, Innoviz Technologies, Magnite, TaskUs, Plug Power, Blackstone Secured Lending Fund, Ginkgo Bioworks Holdings, Amarin Corporation, and The Trade Desk all saw declines. The drops were largely due to mixed Q2 financial results and weak sales outlooks.
August 10, 2023 | 10:00 am
News sentiment analysis
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NEGATIVE IMPACT
Amarin Corporation shares declined 3.5% after issuing pricing & reimbursement updates.
The company's pricing & reimbursement updates have negatively impacted investor sentiment, leading to a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Blackstone Secured Lending Fund shares declined 5.9% after pricing a public offering of common shares.
The company's decision to price a public offering has led to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Ginkgo Bioworks Holdings shares fell 5.5% following Q2 financial results.
The company's Q2 financial results have negatively impacted investor sentiment, leading to a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Innoviz Technologies shares dipped 17.5% after pricing a $65 million upsized public offering.
The company's decision to price an upsized public offering has led to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Magnite shares declined 13.2% after reporting Q2 financial results.
The company's Q2 financial results have negatively impacted investor sentiment, leading to a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Origin Materials shares tumbled 53.1% after reporting mixed Q2 financial results.
The company's mixed Q2 financial results have negatively impacted investor sentiment, leading to a significant drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Plug Power shares tumbled 10.6% after reporting mixed Q2 financial results.
The company's mixed Q2 financial results have negatively impacted investor sentiment, leading to a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
TaskUs shares fell 12.4% after the company issued a weak sales outlook.
The company's weak sales outlook has negatively impacted investor sentiment, leading to a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
The Trade Desk shares fell 3.4% after reporting Q2 financial results and issuing guidance.
The company's Q2 financial results and guidance have negatively impacted investor sentiment, leading to a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100