Why WestRock Shares Are Trading Higher By 12%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
Several stocks have shown significant movement in pre-market trading. WestRock Company (NYSE:WRK) gained 11.6% as it is nearing a deal to merge with Smurfit Kappa. Other gainers include American Rebel Holdings, Inc. (NASDAQ:AREB), Artelo Biosciences, Inc. (NASDAQ:ARTL), and Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR). On the other hand, Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) fell 25.8% after posting downbeat Q2 results. Other losers include NeuBase Therapeutics, Inc. (NASDAQ:NBSE), Verint Systems Inc. (NASDAQ:VRNT), and Yext, Inc. (NYSE:YEXT).
September 07, 2023 | 12:10 pm
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POSITIVE IMPACT
WestRock Company's stock gained 11.6% in pre-market trading as it is nearing a deal to merge with Smurfit Kappa.
The news of a potential merger with Smurfit Kappa is likely to have a positive impact on WestRock's stock in the short term as mergers often lead to increased market share and potential cost savings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Sportsman's Warehouse Holdings, Inc.'s stock fell 25.8% in pre-market trading after the company posted downbeat second-quarter results.
The company's weak Q2 results are likely to have a negative impact on its stock in the short term as earnings reports are a key indicator of a company's financial health.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100