Why AMC Entertainment Shares Are Trading Lower By 21%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
AMC Entertainment shares fell by 21.2% ahead of a 10-to-1 reverse stock split. Other pre-market movers include BioNexus Gene Lab Corp., Heliogen, Inc., Apellis Pharmaceuticals, Inc., and iTeos Therapeutics, Inc. among the gainers, and Neptune Wellness Solutions Inc., Wearable Devices Ltd., China Pharma Holdings, Inc., and EBET, Inc. among the losers.
August 23, 2023 | 12:34 pm
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AMC Entertainment shares fell by 21.2% ahead of a 10-to-1 reverse stock split.
The news of the reverse stock split has led to a significant drop in AMC's share price. This is likely due to investor concerns about the dilution of their holdings.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Apellis Pharmaceuticals, Inc. shares rose 29.3% in pre-market trading after the company reported rare events of retinal vasculitis in treatment with SYFOVRE.
The rise in Apellis Pharmaceuticals' share price could be due to positive investor sentiment following the company's announcement about the rarity of retinal vasculitis events in treatment with SYFOVRE.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
BioNexus Gene Lab Corp. shares gained 48.5% in pre-market trading.
The significant gain in BioNexus' share price could be due to positive investor sentiment or recent company developments.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Heliogen, Inc. shares surged 35.8% in pre-market trading after being granted a U.S. patent.
The surge in Heliogen's share price is likely due to the company being granted a U.S. patent, which could potentially increase its competitive advantage.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
iTeos Therapeutics, Inc. shares rose 23.6% in pre-market trading after the company reported a loss for the second quarter.
Despite reporting a loss for the second quarter, iTeos Therapeutics' share price rose significantly. This could be due to other positive factors outweighing the negative impact of the loss.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100