Why NIO Are Trading Lower By Over 7%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session
Portfolio Pulse from Lisa Levin
The article lists the stocks that gained and lost in Tuesday's mid-day session. Notable gainers include Axcella Health, Tivic Health Systems, iCoreConnect, LifeVantage Corporation, and EBET, among others. On the other hand, Antelope Enterprise Holdings, Genius Group, BioNexus Gene Lab, T2 Biosystems, and ReTo Eco-Solutions were among the losers. NIO Inc. also fell by 7.5% after reporting worse-than-expected Q2 financial results and issuing Q3 guidance.
August 29, 2023 | 4:51 pm
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NEGATIVE IMPACT
NIO Inc. reported worse-than-expected Q2 financial results and issued Q3 guidance, leading to a 7.5% drop in its stock.
NIO's worse-than-expected Q2 results and Q3 guidance have negatively impacted investor sentiment, leading to a drop in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Axcella Health's stock climbed 196% after the company announced it was granted a patent for long COVID fatigue treatment.
The granting of a patent for long COVID fatigue treatment has positively impacted Axcella Health's stock as it opens up new opportunities for the company.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100