Oracle, Sight Sciences And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several stocks traded lower in Tuesday's pre-market session. Acelyrin's shares tumbled 58.5% as it failed to meet a primary endpoint in its analysis. Sight Sciences fell 29.3% after issuing below-estimate Q3 revenue guidance and cutting FY23 revenue guidance. Oracle dipped 9.3% despite reporting upbeat Q1 earnings, as sales fell short of expectations. Canopy Growth declined 9.5% after a 81% jump on Monday. CS Disco fell 8.2% as its co-founder stepped down as CEO. AerCap fell 4.5% after pricing its secondary offering. POSCO Holdings and Tango Therapeutics also recorded declines.
September 12, 2023 | 9:40 am
News sentiment analysis
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NEGATIVE IMPACT
AerCap fell 4.5% after pricing its secondary offering.
The pricing of the secondary offering could be seen as a dilution of shares by investors, which is likely to put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Canopy Growth declined 9.5% after a 81% jump on Monday.
The sharp decline in Canopy Growth's stock price following a significant jump on Monday suggests a correction in the market, which is likely to continue in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
CS Disco fell 8.2% as its co-founder stepped down as CEO.
The departure of the co-founder and CEO is a significant event for CS Disco, which is likely to impact investor confidence and drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Oracle dipped 9.3% despite reporting upbeat Q1 earnings, as sales fell short of expectations.
Despite the positive Q1 earnings, the fact that Oracle's sales fell short of expectations is a negative signal to investors, which is likely to put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
POSCO Holdings fell 4.1% in pre-market trading.
The news does not provide a specific reason for the decline in POSCO Holdings' stock price, but the downward movement suggests negative market sentiment towards the stock, which is likely to continue in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Sight Sciences fell 29.3% after issuing below-estimate Q3 revenue guidance and cutting FY23 revenue guidance.
The company's lower than expected revenue guidance for Q3 and FY23 is a negative signal to investors, which is likely to put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Acelyrin's shares tumbled 58.5% as it failed to meet a primary endpoint in its analysis.
The failure to meet the primary endpoint in its analysis is a significant negative development for Acelyrin, which is likely to impact investor confidence and drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tango Therapeutics declined 3.5% after jumping 17% on Monday.
The decline in Tango Therapeutics' stock price following a significant jump on Monday suggests a correction in the market, which is likely to continue in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100