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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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
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