Why Olin Are Trading Lower By 13%? Here Are Other Stocks Moving In Friday's Mid-Day Session
Portfolio Pulse from Lisa Levin
In Friday's mid-day session, several stocks experienced significant movements. Notable gainers included Edible Garden AG Incorporated (EDBL), TradeUP Acquisition Corp. (UPTD), and Taoping Inc. (TAOP), which reported a YoY increase in H1 EPS and sales results. Dell Technologies Inc. (DELL) and Elastic N.V. (ESTC) also gained after reporting better-than-expected Q2 results and raising their outlooks. On the other hand, Aditxt, Inc. (ADTX) and iCoreConnect Inc. (ICCT) were among the losers, with Olin Corporation (OLN) tumbling after announcing that its CEO will step down in 2024.
September 01, 2023 | 5:18 pm
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NEGATIVE IMPACT
Aditxt, Inc. shares fell 42.6% to $31.57 after the company announced a $10 million private placement priced at-the-market under Nasdaq rules.
The stock fell after the company announced a private placement, indicating a negative market sentiment towards the company.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
iCoreConnect Inc. fell 27.3% to $8.69. The company last Friday announced the closing of its previously announced business combination with FG Merger Corp.
The stock fell after the company announced the closing of its business combination, indicating a negative market sentiment towards the company.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Olin Corporation tumbled 13.2% to $50.35 after the company announced Scott Sutton will step down as President, Chief Executive Officer and Chairman of the Board in the first half of 2024.
The stock tumbled after the company announced that its CEO will step down, indicating a negative market sentiment towards the company.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Dell Technologies Inc. gained 22.2% to $73.37 after the company reported better-than-expected second-quarter results and raised its outlook for the year.
The stock gained after the company reported positive financial results and raised its outlook, indicating a positive market sentiment towards the company.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Edible Garden AG Incorporated surged 181.1% to $3.63.
The stock surged significantly, indicating a positive market sentiment towards the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Elastic N.V. shares gained 18.5% to $73.37 after the company reported better-than-expected second-quarter results and raised FY24 adj. EPS guidance.
The stock gained after the company reported positive financial results and raised its guidance, indicating a positive market sentiment towards the company.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Taoping Inc. shares jumped 81.4% to $4.1177 after the company reported a year-over-year increase in H1 EPS and sales results.
The stock jumped after the company reported positive financial results, indicating a positive market sentiment towards the company.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
TradeUP Acquisition Corp. gained 148.5% to $18.14.
The stock gained significantly, indicating a positive market sentiment towards the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100