Brady, Airbnb, Insmed And Other Big Stocks Moving Higher On Tuesday
Portfolio Pulse from Lisa Levin
Despite the overall market trading lower, several stocks recorded significant gains. Notable movers include SIGNA Sports United N.V. (SSU), Canopy Growth Corporation (CGC), Cibus, Inc. (CBUS), Cabaletta Bio, Inc. (CABA), Olema Pharmaceuticals, Inc. (OLMA), Insmed Incorporated (INSM), SNDL Inc. (SNDL), Getty Images Holdings, Inc. (GETY), Brady Corporation (BRC), Zai Lab Limited (ZLAB), Tilray Brands, Inc. (TLRY), Aurora Innovation, Inc. (AUR), fuboTV Inc. (FUBO), Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI), Digital World Acquisition Corp. (DWAC), Airbnb, Inc. (ABNB), TROOPS, Inc. (TROO), Vertex Energy, Inc. (VTNR), and NextGen Healthcare, Inc. (NXGN). Airbnb's rise was due to its inclusion in the S&P 500.
September 05, 2023 | 2:43 pm
News sentiment analysis
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POSITIVE IMPACT
Airbnb, Inc. climbed 7.6% to $142.86 after it was announced the company will join the S&P 500.
The stock price increased significantly, likely due to the announcement of the company's inclusion in the S&P 500.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Aurora Innovation, Inc. rose 11.3% to $3.56.
The stock price increased significantly, indicating positive investor sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Brady Corporation rose 12.6% to $57.24 following better-than-expected quarterly results.
The stock price increased significantly, likely due to the company's better-than-expected quarterly results.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Cabaletta Bio, Inc. gained 15.7% to $15.42. Citigroup initiated coverage on Cabaletta Bio with a Buy rating and announced a price target of $22.
The stock price increased significantly, likely due to the positive coverage from Citigroup.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Cibus, Inc. rose 18.4% to $17.66.
The stock price increased significantly, indicating positive investor sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Canopy Growth Corporation gained 23% to $0.6660.
The stock price increased significantly, indicating positive investor sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Digital World Acquisition Corp. gained 7.8% to $17.80.
The stock price increased significantly, indicating positive investor sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
fuboTV Inc. climbed 8.4% to $2.8729.
The stock price increased significantly, indicating positive investor sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Getty Images Holdings, Inc. gained 12.7% to $4.96.
The stock price increased significantly, indicating positive investor sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Hannon Armstrong Sustainable Infrastructure Capital, Inc. gained 7.9% to $24.90.
The stock price increased significantly, indicating positive investor sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Insmed Incorporated surged 15% to $26.06 after the company released topline results from its Phase 3 ARISE study of ARIKAYCE for nontuberculous mycobacterial lung infection caused by Mycobacterium avium complex who had not started antibiotics.
The stock price increased significantly, likely due to the positive results from the company's Phase 3 study.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
NextGen Healthcare, Inc. shares gained 5.1% to $20.31. Thoma Bravo is in advanced talks to acquire NextGen Healthcare, Bloomberg reported.
The stock price increased significantly, likely due to the reports of advanced acquisition talks with Thoma Bravo.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Olema Pharmaceuticals, Inc. rose 15.5% to $12.26. Olema Pharmaceuticals announced a private placement of approximately $130 million.
The stock price increased significantly, likely due to the announcement of a large private placement.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
SNDL Inc. gained 12.7% to $1.9848.
The stock price increased significantly, indicating positive investor sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
SIGNA Sports United N.V. shares jumped 41.6% to $1.23.
The stock price increased significantly, indicating positive investor sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Tilray Brands, Inc. gained 11.8% to $3.3450. Roth MKM reiterated Tilray Brands with a Neutral and maintained a $2.5 price target.
The stock price increased significantly, likely due to the reiteration of the Neutral rating from Roth MKM.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
TROOPS, Inc. gained 7.3% to $4.1399.
The stock price increased significantly, indicating positive investor sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Vertex Energy, Inc. jumped 5.8% to $4.7195.
The stock price increased significantly, indicating positive investor sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Zai Lab Limited surged 11.8% to $29.20.
The stock price increased significantly, indicating positive investor sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100