Nasdaq Down 100 Points; Wholesale Prices Rise More Than Expected
Portfolio Pulse from Lisa Levin
U.S. stocks traded lower following the release of PPI data, with the NASDAQ falling 0.84%. Producer prices in the U.S. increased 0.3% month-over-month in July, the biggest rise since January. Amyris, Inc. (AMRS) shares shot up 97% after filing for Chapter 11 bankruptcy. Telesat Corporation (TSAT) shares rose 48% after reporting Q2 results and a $2.1 billion deal with MDA. WeWork Inc. (WE) shares gained 43% despite doubts over its ability to stay in business. Yield10 Bioscience, Inc. (YTEN) shares dropped 58% after announcing a $3.7 million public offering. Cano Health, Inc. (CANO) shares were down 59% after reporting worse-than-expected Q2 results and expressing doubt over its ability to continue as a going concern. The Joint Corp. (JYNT) shares fell 26% after reporting Q2 operating highlights.
August 11, 2023 | 1:48 pm
News sentiment analysis
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NEGATIVE IMPACT
Cano Health, Inc. shares were down 59% after reporting worse-than-expected Q2 results and expressing doubt over its ability to continue as a going concern.
Cano Health, Inc.'s stock price fell significantly after the company reported worse-than-expected Q2 results and expressed doubts over its ability to continue operating.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
The Joint Corp. shares fell 26% after the company reported Q2 operating highlights.
The Joint Corp.'s stock price fell after the company reported its Q2 operating highlights, likely due to investor disappointment with the results.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Yield10 Bioscience, Inc. shares dropped 58% after the company announced a $3.7 million public offering.
Yield10 Bioscience, Inc.'s stock price fell sharply after the company announced a public offering, likely due to dilution of existing shares.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Amyris, Inc. shares shot up 97% after the company announced it filed for Chapter 11 bankruptcy.
The sharp rise in Amyris, Inc.'s stock price is likely due to investors speculating on the company's future following its bankruptcy filing.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Telesat Corporation shares rose 48% after reporting Q2 results and a $2.1 billion deal with MDA.
Telesat Corporation's stock price rose significantly after the company reported positive Q2 results and announced a major deal with MDA.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
WeWork Inc. shares gained 43% despite doubts over its ability to stay in business.
WeWork Inc.'s stock price rose significantly despite the company expressing doubts over its ability to continue operating.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100