Nasdaq Rises 1%; US Manufacturing PMI Falls In August
Portfolio Pulse from Lisa Levin
US stocks traded higher with the Dow Jones gaining 100 points and NASDAQ rising 1.07%. The S&P Global US manufacturing PMI declined to 47 in August from 49 in July. VCI Global Limited (NASDAQ:VCIG) shares shot up 94% after announcing a collaboration with Microsoft Azure OpenAI. AgileThought, Inc. (NASDAQ:AGIL) shares rose 72% after posting a Q2 loss. iTeos Therapeutics, Inc. (NASDAQ:ITOS) shares gained 49% following release of Roche NSCLC data. Bruush Oral Care Inc. (NASDAQ:BRSH) shares dropped 46% after a 1-for-25 reverse stock split. Foot Locker, Inc. (NYSE:FL) shares were down 34% after a Q2 revenue miss and an 11% rise in inventories. Tivic Health Systems, Inc. (NASDAQ:TIVC) fell 26% after a 1-for-100 reverse stock split.
August 23, 2023 | 2:18 pm
News sentiment analysis
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NEGATIVE IMPACT
Bruush Oral Care Inc. shares dropped 46% after a 1-for-25 reverse stock split.
The 1-for-25 reverse stock split is likely to have a negative impact on Bruush Oral Care Inc.'s stock price as it indicates that the company may be trying to boost its stock price artificially.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Foot Locker, Inc. shares were down 34% after a Q2 revenue miss and an 11% rise in inventories.
The Q2 revenue miss and an 11% rise in inventories are negative indicators for Foot Locker, Inc., which are likely to decrease investor confidence and drive the stock price down.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Tivic Health Systems, Inc. shares fell 26% after a 1-for-100 reverse stock split.
The 1-for-100 reverse stock split is likely to have a negative impact on Tivic Health Systems, Inc.'s stock price as it indicates that the company may be trying to boost its stock price artificially.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
AgileThought, Inc. shares rose 72% despite posting a Q2 loss.
Despite the Q2 loss, AgileThought, Inc. shares rose significantly, indicating that investors may be focusing on other aspects of the company's performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
iTeos Therapeutics, Inc. shares gained 49% following release of Roche NSCLC data.
The release of Roche NSCLC data is a positive development for iTeos Therapeutics, Inc., which is likely to boost investor confidence and drive the stock price up.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
VCI Global Limited shares rose 94% after announcing a collaboration with Microsoft Azure OpenAI.
The collaboration with Microsoft Azure OpenAI is a positive development for VCI Global Limited, which is likely to boost investor confidence and drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100