Nasdaq Tumbles 200 Points; US Jobless Claims Fall More Than Expected
Portfolio Pulse from Lisa Levin
US stocks traded mostly lower with the Nasdaq Composite falling more than 200 points. Jobless claims declined more than expected to 216,000. Sigma Additive Solutions, Wheeler Real Estate Investment Trust, and American Rebel Holdings saw significant increases in their share prices. Palisade Bio, Sportsman's Warehouse Holdings, and NeuBase Therapeutics saw significant decreases in their share prices.
September 07, 2023 | 1:41 pm
News sentiment analysis
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NEGATIVE IMPACT
NeuBase Therapeutics shares fell 28% possibly on profit taking after the stock rallied roughly 100% yesterday after Symetryx taking a 20% stake in NBSE stock.
The sharp decrease in the company's share price may be due to profit taking following a recent rally triggered by Symetryx taking a 20% stake in the company.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Palisade Bio shares dropped 43% after the company announced $2 million registered direct offering.
The announcement of a $2 million registered direct offering has negatively impacted investor sentiment, leading to a sharp decrease in the company's share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Sportsman's Warehouse Holdings shares were down 31% after the company reported worse-than-expected second-quarter earnings.
The company's worse-than-expected second-quarter earnings have negatively impacted investor sentiment, leading to a sharp decrease in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
American Rebel Holdings shares gained 74% after the company's subsidiary Champion Safe has been bombarded with calls from safe dealers and customers looking for alternatives to safes made by Liberty Safe.
Increased demand for the products of the company's subsidiary Champion Safe has positively impacted investor sentiment, leading to a sharp increase in the company's share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Sigma Additive Solutions shares shot up 67% after the company announced to acquire NextTrip for around $48 million and sell assets of quality assurance software to strategic buyer.
The acquisition of NextTrip and the sale of software assets are significant moves that have positively impacted investor sentiment, leading to a sharp increase in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Wheeler Real Estate Investment Trust shares shot up 100% after the company posted Series D redemption forms on its website.
The posting of Series D redemption forms has been interpreted positively by investors, leading to a doubling of the company's share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100