Wolfspeed, Asure Software, Gold Fields And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several stocks are recording losses in today's pre-market trading session. Tremor International Ltd (TRMR) shares declined 27.2%, Hawaiian Electric Industries, Inc. (HE) tumbled 15.3% following reports of multiple lawsuits and financial restructuring talks. Wolfspeed, Inc. (WOLF) dipped 13% after reporting mixed Q4 results and lower Q1 EPS guidance. Asure Software, Inc. (ASUR) shares declined 10.3% after pricing of public offering of common stock. VinFast Auto Ltd. (VFS) fell 10.3% amid volatility following its recent Nasdaq debut. Gold Fields Limited (GFI) fell 9.4% as it reported a decline in EPS for the half year. GigaCloud Technology Inc. (GCT) fell 4.4% despite a recent Buy rating and price target increase. Borr Drilling Limited (BORR) fell 3% following Q2 results. Aegon N.V. (AEG) fell 2.6% after reporting a net loss.
August 17, 2023 | 10:22 am
News sentiment analysis
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NEGATIVE IMPACT
Aegon N.V. shares fell 2.6% in pre-market trading after the company swung to a net loss.
The decline in Aegon's share price is likely due to the company's reported net loss. This could indicate potential financial performance issues, leading to a negative market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Asure Software, Inc. shares declined 10.3% in pre-market trading after the company reported pricing of public offering of common stock.
The decline in Asure Software's share price is likely due to the company's announcement of the pricing of its public offering of common stock. This could dilute existing shareholders' equity, leading to a negative market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Borr Drilling Limited shares fell 3% in pre-market trading following Q2 results.
The decline in Borr Drilling's share price is likely due to the company's Q2 results. This could indicate potential financial performance issues, leading to a negative market sentiment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
GigaCloud Technology Inc. shares fell 4.4% in pre-market trading despite a recent Buy rating and price target increase.
The decline in GigaCloud Technology's share price is surprising given the recent Buy rating and price target increase. This could indicate other factors at play affecting the company's share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Gold Fields Limited shares fell 9.4% in pre-market trading as the company reported a decline in EPS for the half year.
The decline in Gold Fields' share price is likely due to the company's reported decline in EPS for the half year. This could indicate potential financial performance issues, leading to a negative market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Hawaiian Electric Industries, Inc. shares tumbled 15.3% in pre-market trading following reports of multiple lawsuits and financial restructuring talks.
The significant drop in Hawaiian Electric Industries' share price is likely due to the negative news of multiple lawsuits and potential financial restructuring. This could indicate potential financial instability, leading to a negative market sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Tremor International Ltd shares declined 27.2% in pre-market trading.
The sharp decline in Tremor International's share price could be due to a negative market sentiment or specific news related to the company. The high relevance and importance scores reflect the significant impact of this price movement on the company's market value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
VinFast Auto Ltd. shares fell 10.3% in pre-market trading amid volatility following its recent Nasdaq debut.
The decline in VinFast Auto's share price is likely due to market volatility following its recent Nasdaq debut. This could indicate uncertainty about the company's future performance, leading to a negative market sentiment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Wolfspeed, Inc. shares dipped 13% in pre-market trading after the company reported mixed Q4 results and lower Q1 EPS guidance.
The decline in Wolfspeed's share price is likely due to the company's mixed Q4 results and lower than expected Q1 EPS guidance. This could indicate potential financial performance issues, leading to a negative market sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100