Dow Tumbles Over 100 Points; LSI Industries Shares Spike Higher
Portfolio Pulse from Lisa Levin
US stocks traded lower with the Dow Jones falling more than 100 points. Walmart Inc reported better-than-expected Q2 earnings and raised FY24 outlook. PhenomeX Inc. shares shot up 137% after announcing a $108 million acquisition agreement with Bruker. LSI Industries Inc. shares rose 17% following better-than-expected Q4 results. Advanced Health Intelligence Ltd. shares gained 27% after obtaining overseas R&D reimbursement. Creative Realities, Inc. shares dropped 35% after reporting pricing of $6 million public offering. EMCORE Corporation shares were down 40% after reporting pricing of $15.8 million public offering. Tremor International Ltd was down 30% after reporting financial and operating results.
August 17, 2023 | 6:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Creative Realities, Inc. shares dropped 35% after reporting pricing of $6 million public offering.
The pricing of the public offering could lead to a short-term decrease in the stock price of Creative Realities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
EMCORE Corporation shares were down 40% after reporting pricing of $15.8 million public offering.
The pricing of the public offering could lead to a short-term decrease in the stock price of EMCORE Corporation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Tremor International Ltd was down 30% after reporting financial and operating results.
The financial and operating results could lead to a short-term decrease in the stock price of Tremor International.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Advanced Health Intelligence Ltd. shares gained 27% after obtaining overseas R&D reimbursement.
The overseas R&D reimbursement is a positive development for Advanced Health Intelligence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
PhenomeX Inc. shares shot up 137% after announcing a $108 million acquisition agreement with Bruker.
The acquisition agreement with Bruker is a positive development for PhenomeX and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
LSI Industries Inc. shares rose 17% following better-than-expected Q4 results.
The better-than-expected Q4 results are positive news for LSI Industries and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Walmart reported better-than-expected Q2 earnings and raised FY24 outlook.
The better-than-expected earnings and raised outlook for FY24 are positive news for Walmart and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100