Why Matrix Service Shares Are Trading Higher By 9%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
Several stocks experienced significant pre-market trading movements. Acelyrin, Inc. (SLRN) shares fell 58.5% due to a failed primary endpoint. Sight Sciences, Inc. (SGHT) shares fell 29.3% after issuing below-estimate Q3 revenue guidance and cutting FY23 revenue guidance. Versus Systems Inc. (VS), CXApp Inc. (CXAI), Eightco Holdings Inc. (OCTO), Cingulate Inc. (CING), Solowin Holdings (SWIN), DatChat, Inc. (DATS), Canopy Growth Corporation (CGC), and Oracle Corporation (ORCL) also saw pre-market trading declines.
September 12, 2023 | 12:00 pm
News sentiment analysis
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NEGATIVE IMPACT
Canopy Growth Corporation shares fell 9.5% in pre-market trading.
The company's stock price fell significantly in pre-market trading, although the news does not provide a specific reason for this.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Cingulate Inc. shares fell 12.8% after announcing pricing of $4.0 million public offering.
The company's announcement of a $4.0 million public offering likely led to the drop in its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
CXApp Inc. shares fell 16.8% in pre-market trading.
The company's stock price fell significantly in pre-market trading, although the news does not provide a specific reason for this.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
DatChat, Inc. shares fell 10.6% in pre-market trading.
The company's stock price fell significantly in pre-market trading, although the news does not provide a specific reason for this.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Eightco Holdings Inc. shares fell 15.2% in pre-market trading.
The company's stock price fell significantly in pre-market trading, although the news does not provide a specific reason for this.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Oracle Corporation shares fell 9.3% in pre-market trading after reporting upbeat earnings for its first quarter, while sales fell short of expectations.
Despite reporting upbeat earnings for its first quarter, Oracle's sales fell short of expectations, likely causing the stock price to fall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Sight Sciences, Inc. shares 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, likely causing the stock price to fall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Acelyrin, Inc. shares fell 58.5% due to a failed primary endpoint.
The company's failure to meet a primary endpoint in its clinical trial is a significant negative development, likely leading to the sharp drop in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Solowin Holdings shares fell 11.5% after announcing closing of initial public offering.
The company's announcement of the closing of its initial public offering likely led to the drop in its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Versus Systems Inc. shares fell 17.1% in pre-market trading.
The company's stock price fell significantly in pre-market trading, although the news does not provide a specific reason for this.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100