AMC Entertainment, Nikola, Cleveland-Cliffs And Other Big Stocks Moving Lower In Monday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several big stocks recorded losses in Monday's pre-market trading session. AMC Entertainment shares dipped 26.8% following a crucial court ruling. Aurora Acquisition Corp. dipped 16.7% after shareholders approved a business combination with Better. Xiao-I Corporation shares tumbled 15.6% after a 12% decline on Friday. Nikola Corporation shares declined 14.9% in response to a fire probe. WeWork shares fell 6.9% amid doubts over its ability to stay in business. Cleveland-Cliffs shares declined 6.4% after United States Steel Corp. rejected a buyout offer. Other stocks recording losses include Standard Lithium Ltd., Valneva SE, The Mosaic Company, and U.S. Silica Holdings, Inc.
August 14, 2023 | 10:44 am
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NEGATIVE IMPACT
AMC Entertainment shares dipped 26.8% following a crucial court ruling.
The court ruling is a significant event for AMC Entertainment, which is likely to have a negative impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Aurora Acquisition Corp. dipped 16.7% after shareholders approved a business combination with Better.
The approval of the business combination with Better is a significant event for Aurora Acquisition Corp., which is likely to have a negative impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Nikola Corporation shares declined 14.9% in response to a fire probe.
The fire probe is a significant event for Nikola Corporation, which is likely to have a negative impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
WeWork shares fell 6.9% amid doubts over its ability to stay in business.
The doubts over its ability to stay in business is a significant event for WeWork, which is likely to have a negative impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100