Why Krispy Kreme Shares Are Trading Lower By Around 10%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
Portfolio Pulse from Lisa Levin
Several stocks experienced significant price movements in Thursday's mid-day session. Edible Garden AG Incorporated (EDBL), Capri Holdings Limited (CPRI), and Blend Labs, Inc. (BLND) were among the gainers, with shares jumping due to better-than-expected Q2 results and acquisition news. On the other hand, Galera Therapeutics, Inc. (GRTX), Amyris, Inc. (AMRS), and Origin Materials, Inc. (ORGN) were among the biggest losers, with shares falling due to FDA response, bankruptcy filing, and mixed Q2 results respectively.
August 10, 2023 | 5:17 pm
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NEGATIVE IMPACT
Amyris, Inc. shares fell after the company announced it filed for Chapter 11 bankruptcy.
Bankruptcy news typically leads to a decrease in stock price as it indicates severe financial distress.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Galera Therapeutics, Inc. shares fell after the company announced it received a Complete Response Letter from the FDA.
Negative regulatory news can lead to a decrease in stock price as it can indicate potential issues with the company's products.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Origin Materials, Inc. shares fell after the company reported mixed Q2 financial results.
Mixed or negative financial results can lead to a decrease in stock price as they may indicate underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Blend Labs, Inc. saw a rise in its shares following better-than-expected Q2 results.
Positive financial results typically lead to an increase in stock price as they indicate good company performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Capri Holdings Limited's shares climbed after Tapestry announced a definitive agreement to acquire the company.
Acquisition news often leads to an increase in stock price as it can indicate potential growth and expansion.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Edible Garden AG Incorporated reported better-than-expected Q2 results, causing its shares to jump 58%.
Positive financial results typically lead to an increase in stock price as they indicate good company performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100