Smartsheet, Kroger, Lantronix And Other Big Stocks Moving Higher On Friday
Portfolio Pulse from Lisa Levin
Several US stocks traded higher on Friday, with Lantronix, Smartsheet, Smith & Wesson Brands, Gatos Silver, Guidewire Software, CymaBay Therapeutics, Seneca Foods, IonQ, Lifezone Metals, Aclaris Therapeutics, STAAR Surgical, Precision Drilling, and The Kroger Co. all recording gains. Notable movements include Lantronix's 26.3% jump following better-than-expected quarterly sales, Smartsheet's 14.1% rise after a Q2 earnings beat and strong guidance, and Gatos Silver's 13% increase after an upgrade from Canaccord Genuity. The Kroger Co. rose 4% following quarterly results and reaching an opioid settlement agreement.
September 08, 2023 | 2:29 pm
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POSITIVE IMPACT
Gatos Silver jumped 13% after Canaccord Genuity upgraded the stock from Hold to Buy and raised the price target.
The upgrade from Canaccord Genuity likely boosted investor confidence in Gatos Silver, leading to the stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The Kroger Co. rose 4% following quarterly results and reaching an opioid settlement agreement.
The Kroger Co.'s positive quarterly results and the resolution of the opioid lawsuit likely increased investor confidence, leading to the stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Lantronix shares jumped 26.3% following better-than-expected quarterly sales.
The company's better-than-expected quarterly sales likely boosted investor confidence, leading to the stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Smartsheet rose 14.1% after the company reported a second-quarter earnings beat and issued strong guidance.
Smartsheet's Q2 earnings beat and strong guidance likely increased investor confidence, leading to the stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100