Coherent, Mercury Systems, Canoo And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several stocks are recording losses in today's pre-market trading session. Sacks Parente Golf shares tumbled 27.9% after announcing the pricing of its $12.8 million IPO. Coherent Corp shares declined 21.9% following the company's Q4 results. VinFast Auto shares fell 11.9% after recently completing its SPAC merger. Tower Semiconductor and Intel mutually agreed to terminate their merger deal, leading to an 11.8% dip in Tower Semiconductor shares. Mercury Systems shares declined 10.2% after reporting weaker-than-expected Q4 results and a weak FY24 forecast. TMC the metals company shares fell 5.5%, Canoo Inc fell 5% following its Q2 results, and NIO Inc fell 4% ahead of its Q2 2023 results announcement.
August 16, 2023 | 10:01 am
News sentiment analysis
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NEGATIVE IMPACT
Coherent Corp shares declined 21.9% following the company's Q4 results.
The decline in COHR's share price is likely due to the company's Q4 results, which may have been below market expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Canoo Inc shares fell 5% following the company's Q2 results.
The decline in GOEV's share price is likely due to the company's Q2 results, which may have been below market expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Mercury Systems shares declined 10.2% after reporting weaker-than-expected Q4 results and a weak FY24 forecast.
The decline in MRCY's share price is likely due to the company's weaker-than-expected Q4 results and weak FY24 forecast, which may have disappointed investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
NIO Inc shares fell 4% ahead of its Q2 2023 results announcement.
The drop in NIO's share price is likely due to investor uncertainty ahead of the company's Q2 2023 results announcement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Sacks Parente Golf shares tumbled 27.9% after announcing the pricing of its $12.8 million IPO.
The sharp drop in SPGC's share price is likely due to the company's IPO pricing announcement, which may have disappointed investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
TMC the metals company shares fell 5.5% in pre-market trading.
The drop in TMC's share price is not linked to any specific news in the article, but it's clear that the stock is experiencing a downward trend in the pre-market session.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Tower Semiconductor shares dipped 11.8% after the company and Intel mutually agreed to terminate their merger deal.
The dip in TSEM's share price is likely due to the termination of its merger deal with Intel, which may have disappointed investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
VinFast Auto shares fell 11.9% after recently completing its SPAC merger.
The drop in VFS's share price is likely due to the completion of its SPAC merger, which may have led to uncertainty among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100