Cano Health, Maxeon Solar Technologies, Velo3D And Other Big Stocks Moving Lower In Friday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several stocks recorded losses in Friday's pre-market trading session. Cano Health, Maxeon Solar Technologies, Markforged Holding Corporation, Grupo Aval Acciones y Valores, Velo3D, Blend Labs, Senseonics Holdings, Eastman Kodak Company, Beneficient, and Precigen all saw their shares fall. The declines were largely due to worse-than-expected Q2 financial results and lower-than-expected revenue guidance.
August 11, 2023 | 11:03 am
News sentiment analysis
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NEGATIVE IMPACT
Grupo Aval Acciones y Valores shares fell 8.3% in pre-market trading.
The company's stock price has fallen in pre-market trading, indicating negative investor sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Beneficient shares fell 6.3% in pre-market trading after a 28% jump on Thursday.
Despite a significant jump on Thursday, the company's stock price has fallen in pre-market trading, indicating negative investor sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Blend Labs shares declined 7.7% in pre-market trading despite better-than-expected Q2 results.
Despite better-than-expected Q2 results, the company's stock price has fallen in pre-market trading, indicating negative investor sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Cano Health shares fell 41.5% due to worse-than-expected Q2 results.
The company's worse-than-expected Q2 results have negatively impacted investor sentiment, leading to a significant drop in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Eastman Kodak Company shares fell 6.3% in pre-market trading.
The company's stock price has fallen in pre-market trading, indicating negative investor sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Maxeon Solar shares dipped 25.7% after mixed Q2 results and lower-than-expected FY23 revenue guidance.
The company's mixed Q2 results and lower-than-expected FY23 revenue guidance have negatively impacted investor sentiment, leading to a drop in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Markforged Holding Corporation shares fell 8.5% following Q2 results.
The company's Q2 results have negatively impacted investor sentiment, leading to a drop in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Precigen shares declined 5.3% in pre-market trading despite FDA confirmation of a pivotal study.
Despite positive news about a pivotal study, the company's stock price has fallen in pre-market trading, indicating negative investor sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Senseonics Holdings shares fell 7.5% following weak quarterly sales.
The company's weak quarterly sales have negatively impacted investor sentiment, leading to a drop in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Velo3D shares fell 7.7% after worse-than-expected Q2 results and an offering of $70 million of senior secured convertible notes.
The company's worse-than-expected Q2 results and the announcement of a $70 million notes offering have negatively impacted investor sentiment, leading to a drop in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100