Why AppLovin Shares Are Trading Higher By Over 22%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
AppLovin Corporation's shares rose by 22.6% in pre-market trading following better-than-expected Q2 results. Capri Holdings Limited's shares also rose by 26.8% as Tapestry is reportedly nearing a deal to buy the company. On the other hand, Amyris, Inc.'s shares fell by 56.2% after the company filed for bankruptcy, and Galera Therapeutics, Inc.'s shares fell by 81.7% after receiving a Complete Response Letter from the U.S. FDA.
August 10, 2023 | 12:06 pm
News sentiment analysis
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NEGATIVE IMPACT
Amyris, Inc.'s shares fell by 56.2% in pre-market trading after the company filed for bankruptcy.
The company's bankruptcy filing has led to a negative investor sentiment, driving the stock price down.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Galera Therapeutics, Inc.'s shares fell by 81.7% in pre-market trading after receiving a Complete Response Letter from the U.S. FDA.
The FDA's Complete Response Letter has led to a negative investor sentiment, driving the stock price down.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
AppLovin Corporation's shares rose by 22.6% in pre-market trading after reporting better-than-expected Q2 results.
The company's better-than-expected Q2 results have led to a positive investor sentiment, driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Capri Holdings Limited's shares rose by 26.8% in pre-market trading as Tapestry is reportedly nearing a deal to buy the company.
The potential acquisition by Tapestry has led to a positive investor sentiment, driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100