US Stocks Rise; Initial Jobless Claims Edge Lower
Portfolio Pulse from Lisa Levin
U.S. stocks traded higher following the release of economic reports. Initial jobless claims fell by 4,000 to 228,000, lower than market estimates of 235,000. Acer Therapeutics Inc. (ACER) shares rose 164% after Zevra Therapeutics announced it will acquire the company. Shares of noco-noco Inc. (NCNC) and Longeveron Inc. (LGVN) also rose. AgileThought, Inc. (AGIL), Axcella Health Inc. (AXLA), and Martin Midstream Partners L.P. (MMLP) saw their shares drop.
August 31, 2023 | 2:24 pm
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NEGATIVE IMPACT
AgileThought, Inc. shares dropped 29%.
The drop in AGIL shares is not linked to any specific news in the article.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Shares of Axcella Health Inc. were down 24%.
The drop in AXLA shares is not linked to any specific news in the article.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Martin Midstream Partners L.P. shares fell 18%.
The drop in MMLP shares is not linked to any specific news in the article.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Acer Therapeutics Inc. shares rose 164% after Zevra Therapeutics announced it will acquire the company.
The acquisition announcement by Zevra Therapeutics has led to a significant increase in Acer's share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Longeveron Inc. shares rose 37%.
The rise in LGVN shares is not linked to any specific news in the article.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Shares of noco-noco Inc. rose 45%.
The rise in NCNC shares is not linked to any specific news in the article.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100