Crude Oil Edges Lower; VCI Global Shares Spike Higher
Portfolio Pulse from Lisa Levin
U.S. stocks traded higher with the Dow Jones gaining more than 100 points. U.S. crude oil inventories declined by 6.135 million barrels. VCI Global Limited shares shot up 83% after announcing a collaboration with Microsoft Azure OpenAI. Apellis Pharmaceuticals, iTeos Therapeutics, and Ideanomics also saw significant changes in their stock prices. Foot Locker reported a second-quarter revenue miss and lowered its gross margin guidance, causing its shares to drop 34%. Peloton Interactive reported mixed fourth-quarter results and a quarterly decline in Connected Fitness subscribers, leading to a 23% fall in its shares.
August 23, 2023 | 4:08 pm
News sentiment analysis
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NEGATIVE IMPACT
Foot Locker shares were down 34% after the company reported a second-quarter revenue miss and lowered its gross margin guidance.
Foot Locker's disappointing second-quarter results and lowered gross margin guidance have negatively impacted its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Ideanomics shares dropped 27% after the company announced a 1-for-125 reverse stock split.
The announcement of a 1-for-125 reverse stock split has negatively impacted Ideanomics' stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Peloton Interactive shares fell 23% after the company reported mixed fourth-quarter results and a quarterly decline in Connected Fitness subscribers.
Peloton Interactive's mixed fourth-quarter results and decline in Connected Fitness subscribers have negatively impacted its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Apellis Pharmaceuticals shares shot up 33% after the company reported rare events of retinal vasculitis in treatment with SYFOVRE.
The company's announcement about the rarity of retinal vasculitis in treatment with SYFOVRE has positively impacted its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
iTeos Therapeutics shares rose 32% following the release of Roche NSCLC data.
The release of Roche NSCLC data has positively impacted iTeos Therapeutics' stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
VCI Global shares shot up 83% after announcing a collaboration with Microsoft Azure OpenAI.
The collaboration with Microsoft Azure OpenAI is a significant development for VCI Global, which has led to a sharp increase in its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100