PagerDuty, Broadcom And Other Big Stocks Moving Lower In Friday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several major stocks including PagerDuty, Broadcom, HashiCorp, SkyWater Technology, Dingdong (Cayman) Limited, and UBS Group AG recorded losses in Friday's pre-market trading session. Despite posting upbeat Q2 results, these companies issued weak forecasts for the current quarter or FY24, leading to a decline in their share prices.
September 01, 2023 | 10:13 am
News sentiment analysis
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NEGATIVE IMPACT
Broadcom shares declined 4.5% in pre-market trading due to a weak forecast for the current quarter.
Despite posting upbeat Q3 earnings, Broadcom issued a weak forecast for the current quarter, leading to a decline in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Dingdong (Cayman) Limited shares fell 3% in pre-market trading following Q2 results.
Dingdong (Cayman) Limited shares fell in pre-market trading following the release of its Q2 results.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
HashiCorp shares fell 4.1% in pre-market trading due to a weak FY24 earnings outlook.
Despite posting upbeat Q2 results, HashiCorp issued a weak FY24 earnings outlook, leading to a decline in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
PagerDuty shares fell 9.1% in pre-market trading due to a weak earnings forecast for the current quarter.
Despite posting upbeat Q2 results, PagerDuty issued a weak earnings forecast for the current quarter, leading to a decline in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SkyWater Technology shares declined 3.6% in pre-market trading.
SkyWater Technology shares declined in pre-market trading, although the company recently announced the appointment of a retired U.S. Army General to its board of directors.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
UBS Group AG shares declined 2.7% in pre-market trading.
UBS Group AG shares declined in pre-market trading, despite gaining more than 5% on Thursday following Q2 earnings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100