Five Below, Victoria's Secret And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several US stocks recorded losses in Thursday's pre-market trading session. Beneficient shares dipped 10.7%, CION Investment Corporation shares declined 7.5%, Five Below shares fell 6% despite upbeat Q2 results due to a weak Q3 outlook, Victoria's Secret shares fell 5.3% following weaker-than-expected quarterly results, Chewy shares tumbled 4.9% following Q2 results, Novonix shares fell 4.8%, KE Holdings shares declined 4% following Q2 results, Palantir Technologies shares fell 4% after a downgrade from Morgan Stanley, Bilibili shares fell 3.8%, MasterCraft Boat Holdings shares fell 3% after Q4 results and FY24 guidance below estimates, and Dollar General shares fell 2% ahead of quarterly earnings.
August 31, 2023 | 10:16 am
News sentiment analysis
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NEGATIVE IMPACT
KE Holdings shares declined 4% in pre-market trading following Q2 results.
The decline in KE Holdings' share price in pre-market trading following its Q2 results suggests that investors may have been disappointed with the company's performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Beneficient shares dipped 10.7% in pre-market trading after surging 28% on Wednesday.
The sharp dip in Beneficient's share price in pre-market trading, following a significant surge the previous day, suggests a potential correction or profit-taking by investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Bilibili shares fell 3.8% in pre-market trading.
The decline in Bilibili's shares in pre-market trading indicates a negative sentiment among investors, which could potentially lead to a lower opening price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Chewy shares tumbled 4.9% in pre-market trading following Q2 results.
The decline in Chewy's share price in pre-market trading following its Q2 results suggests that investors may have been disappointed with the company's performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
CION Investment Corporation shares declined 7.5% in pre-market trading.
The decline in CION Investment Corporation's shares in pre-market trading indicates a negative sentiment among investors, which could potentially lead to a lower opening price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Dollar General shares fell 2% in pre-market trading ahead of quarterly earnings.
The decline in Dollar General's share price in pre-market trading ahead of its quarterly earnings suggests that investors may be anticipating disappointing results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Five Below shares fell 6% in pre-market trading despite upbeat Q2 results due to a weak Q3 outlook.
Despite positive Q2 results, the weak Q3 outlook for Five Below has led to a decline in its share price in pre-market trading, indicating investor concern over future performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
MasterCraft Boat Holdings shares fell 3% in pre-market trading after Q4 results and FY24 guidance below estimates.
The decline in MasterCraft Boat Holdings' share price in pre-market trading following its Q4 results and FY24 guidance below estimates suggests that investors may have been disappointed with the company's performance and outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Novonix shares fell 4.8% in pre-market trading after gaining 4% on Wednesday.
The drop in Novonix's share price in pre-market trading, following a gain the previous day, suggests a potential correction or profit-taking by investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Palantir Technologies shares fell 4% in pre-market trading after a downgrade from Morgan Stanley.
The downgrade from Morgan Stanley has led to a decline in Palantir Technologies' share price in pre-market trading, indicating negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Victoria's Secret shares fell 5.3% in pre-market trading following weaker-than-expected quarterly results.
The weaker-than-expected quarterly results for Victoria's Secret have led to a decline in its share price in pre-market trading, indicating investor disappointment with the company's performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100