Why Grab Holdings Are Trading Higher By 9%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
Portfolio Pulse from Lisa Levin
Several stocks experienced significant movement in Wednesday's mid-day session. AgileThought, VCI Global, iTeos Therapeutics, Apellis Pharmaceuticals, and MicroCloud Hologram were among the top gainers, with increases ranging from 34.4% to 85.5%. Notable losers included Bruush Oral Care, Foot Locker, Orbital Infrastructure Group, Ideanomics, and Sunlight Financial Holdings, with decreases ranging from 23.1% to 41.8%. Grab Holdings rose by 9% following better-than-expected Q2 earnings and a raised annual adjusted EBITDA outlook.
August 23, 2023 | 5:02 pm
News sentiment analysis
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NEGATIVE IMPACT
Foot Locker shares fell 34.4% after the company reported a Q2 revenue miss, an 11% rise in inventories, and lowered its gross margin guidance.
Foot Locker's stock price fell after the company reported a Q2 revenue miss, an increase in inventories, and lowered its gross margin guidance. These factors likely contributed to investor concerns about the company's performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
AgileThought shares jumped 85.5% despite recently posting a loss for Q2.
Despite reporting a loss for Q2, AgileThought's stock price has surged. This could be due to investor optimism about the company's future prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Grab Holdings shares rose by 9% following better-than-expected Q2 earnings and a raised annual adjusted EBITDA outlook.
Grab Holdings reported better-than-expected Q2 earnings and raised its annual adjusted EBITDA outlook, which has likely boosted investor confidence and driven the stock price up.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100