Why Splunk Are Trading Higher By 13%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
Portfolio Pulse from Lisa Levin
Several stocks experienced significant movement in Thursday's mid-day session. Notable gainers included Electriq Power Holdings, Bruush Oral Care, VinFast Auto, Nemaura Medical, TDCX, Guess?, ESGL Holdings, Backblaze, OSI Systems, The Glimpse Group, Build-A-Bear Workshop, Splunk, Pieris Pharmaceuticals, China SXT Pharmaceuticals, SharkNinja, Aviat Networks, Groupon, Esports Entertainment Group, Foot Locker, FOXO Technologies, Weibo Corporation, and NVIDIA Corporation. On the other hand, stocks that fell included Orbital Infrastructure Group, Societal CDMO, AMC Entertainment Holdings, Cheetah Net Supply Chain Service, AgileThought, Momentus, Lendway, Moxian, Mullen Automotive, Petco Health and Wellness Company, GRI Bio, BTC Digital, T2 Biosystems, LQR House, Spirit AeroSystems Holdings, Invitae Corporation, Unifi, Opera Limited, Kiora Pharmaceuticals, Graphex Group Limited, C3.ai, Fulcrum Therapeutics, Zuora, Dollar Tree, and Burlington Stores.
August 24, 2023 | 5:22 pm
News sentiment analysis
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POSITIVE IMPACT
NVIDIA shares jumped 2.6% after the company reported better-than-expected second-quarter financial results and issued strong revenue guidance for the third quarter.
NVIDIA's better-than-expected Q2 results and strong Q3 revenue guidance are likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Splunk shares rose 13.3% after the company reported better-than-expected second-quarter financial results and issued FY24 revenue guidance above estimates.
Splunk's better-than-expected Q2 results and positive FY24 revenue guidance are likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
AMC Entertainment Holdings shares dipped 30% after Wedbush upgraded the company from Underperform to Neutral and announced a $19 price target.
Despite the upgrade from Wedbush, AMC's shares dipped significantly. This suggests that investors may still have concerns about the company's prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Orbital Infrastructure Group shares fell 41.1% after the company announced it filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of Texas.
Orbital Infrastructure Group's filing for Chapter 11 bankruptcy is a significant negative event that is likely to severely impact investor confidence and drive the stock price down in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100