Ideanomics And Other Big Stocks Moving Lower In Monday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several US stocks recorded losses in Monday's pre-market trading session. These include Better Home & Finance Holding Company (BETR), which dipped 15.1% following its business combination with Aurora Acquisition. Ideanomics (IDEX) tumbled 8.8% after reporting Q2 results. Scilex Holding Company (SCLX) declined 4.3% after a 4% fall on Friday. Domo (DOMO) fell 4.2% after issuing a below-consensus Q3 outlook and lowering FY24 guidance. Beneficient (BENF) fell 3.3% after a 15% jump on Friday due to the completion of System and Organization Controls certifications. Taysha Gene Therapies (TSHA) fell 3.2% after a 5% decline on Friday following the FDA's Fast Track Designation to TSHA-102.
August 28, 2023 | 9:43 am
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NEGATIVE IMPACT
Beneficient shares fell 3.3% in pre-market trading after a 15% jump on Friday due to the completion of System and Organization Controls certifications.
The fall in BENF's share price is likely a correction after its 15% jump on Friday due to the completion of System and Organization Controls certifications.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Better Home & Finance Holding Company shares dipped 15.1% in pre-market trading following its business combination with Aurora Acquisition.
The dip in BETR's share price is likely due to investors' reactions to its recent business combination with Aurora Acquisition.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Domo shares fell 4.2% in pre-market trading after issuing a below-consensus Q3 outlook and lowering FY24 guidance.
The fall in DOMO's share price is likely due to investors' reactions to its below-consensus Q3 outlook and lowered FY24 guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ideanomics shares tumbled 8.8% in pre-market trading after the company reported Q2 results.
The tumble in IDEX's share price is likely due to investors' reactions to its Q2 results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Scilex Holding Company shares declined 4.3% in pre-market trading after a 4% fall on Friday.
The decline in SCLX's share price is likely due to a continuation of the downward trend from Friday.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Taysha Gene Therapies shares fell 3.2% in pre-market trading after a 5% decline on Friday following the FDA's Fast Track Designation to TSHA-102.
The fall in TSHA's share price is likely due to a continuation of the downward trend from Friday, despite the FDA's Fast Track Designation to TSHA-102.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100