Fulcrum Therapeutics, AMTD Digital, Hasbro And Other Big Stocks Moving Higher On Tuesday
Portfolio Pulse from Lisa Levin
Several stocks recorded gains in the recent trading session. Fulcrum Therapeutics shares gained 42.8% after the FDA lifted clinical hold on the company’s FTX-6058 for sickle cell disease. VinFast Auto gained 36.5% amid volatility following its recent Nasdaq debut. Fabrinet jumped 25% after reporting better-than-expected Q4 results and issuing guidance. AMTD Digital gained 13.8% after announcing a $30 million share repurchase program. Hasbro rose 7.4% after B of A Securities maintained a Buy rating and raised the price target.
August 22, 2023 | 2:29 pm
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POSITIVE IMPACT
Fabrinet jumped 25% after reporting better-than-expected Q4 results and issuing guidance.
Fabrinet's better-than-expected Q4 results and positive guidance likely boosted investor confidence, leading to a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Fulcrum Therapeutics shares gained 42.8% after the FDA lifted clinical hold on the company’s FTX-6058 for sickle cell disease.
The FDA lifting the clinical hold on Fulcrum's drug is a positive development for the company, which is likely to have boosted investor confidence and driven the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Hasbro rose 7.4% after B of A Securities maintained a Buy rating and raised the price target.
The positive rating and raised price target from B of A Securities likely boosted investor confidence in Hasbro, leading to a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
AMTD Digital gained 13.8% after announcing a $30 million share repurchase program.
AMTD Digital's announcement of a $30 million share repurchase program likely signaled confidence in the company's future prospects, leading to a rise in the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
VinFast Auto gained 36.5% amid volatility following its recent Nasdaq debut.
The recent Nasdaq debut of VinFast Auto and the subsequent volatility is likely to have attracted investor attention, driving the stock price up.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100