Nasdaq Turns Higher; US Factory Orders Fall 2.1% In July
Portfolio Pulse from Lisa Levin
US stocks traded mixed with the Nasdaq Composite turning higher and the Dow and S&P 500 falling. US factory orders fell by 2.1% in July. Verb Technology Company, Cellectar Biosciences, and GD Culture Group Limited saw their shares rise after various positive announcements. Manchester United, 1847 Holdings, and BioCardia saw their shares drop due to negative news.
September 05, 2023 | 4:16 pm
News sentiment analysis
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NEGATIVE IMPACT
BioCardia shares fell 23% after the company released interim efficacy results in the phase 3 pivotal CardiAMP cell therapy heart failure trial.
The interim efficacy results in the phase 3 trial is a negative development for BioCardia, which is likely to depress its stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
1847 Holdings shares dropped 22% after the company announced a NYSE American listing deficiency.
The NYSE American listing deficiency is a negative development for 1847 Holdings, which is likely to depress its stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Manchester United shares dropped 16% following a report suggesting the Glazer family will take the club off the market after failing to close a deal at their asking price.
The report suggesting the Glazer family will take the club off the market is a negative development for Manchester United, which is likely to depress its stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Cellectar Biosciences shares rose 28% after announcing a private placement financing deal with institutional investors.
The private placement financing deal is a positive development for Cellectar Biosciences, which is likely to boost its stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
GD Culture Group Limited shares rose 21% after announcing the launch of an interactive livestreaming game on TikTok.
The launch of the interactive livestreaming game on TikTok is a positive development for GD Culture Group Limited, which is likely to boost its stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Verb Technology Company shares rose 142% after launching a technology integration and strategic relationship with TikTok.
The strategic relationship with TikTok is a significant development for Verb Technology Company, which is likely to boost its stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100