Casey's General Stores, Cognyte Software, Beauty Health And Other Big Stocks Moving Higher On Tuesday
Portfolio Pulse from Lisa Levin
Several stocks recorded gains in Tuesday's trading session. Shengfeng Development Limited (SFWL), Cognyte Software Ltd. (CGNT), The Beauty Health Company (SKIN), Bitfarms Ltd. (BITF), MoonLake Immunotherapeutics (MLTX), TeraWulf Inc. (WULF), NextNav Inc. (NN), ImmunityBio, Inc. (IBRX), Casey's General Stores, Inc. (CASY), United Homes Group, Inc. (UHG), CleanSpark, Inc. (CLSK), Riot Platforms, Inc. (RIOT), IonQ, Inc. (IONQ), Cipher Mining Inc. (CIFR), GameStop Corp. (GME), Matrix Service Company (MTRX), Coinbase Global, Inc. (COIN), VinFast Auto Ltd. (VFS), Hut 8 Mining Corp. (HUT), and IAMGOLD Corporation (IAG) all saw increases in their share prices.
September 12, 2023 | 2:24 pm
News sentiment analysis
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POSITIVE IMPACT
Bitfarms Ltd. rose 15.5% to $1.2699.
The stock price increased significantly, indicating a positive market response.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Casey's General Stores, Inc. climbed 10.4% to $264.39 following first-quarter earnings.
The stock price increased significantly due to positive first-quarter earnings.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Cognyte Software Ltd. shares rose 24.8% to $5.77 after the company reported better-than-expected second-quarter financial results and issued FY24 guidance above estimates.
The stock price increased significantly due to positive financial results and future guidance.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Cipher Mining Inc. climbed 7.8% to $3.01.
The stock price increased significantly, indicating a positive market response.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
CleanSpark, Inc. rose 9.4% to $4.58.
The stock price increased significantly, indicating a positive market response.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Coinbase Global, Inc. rose 6.3% to $85.71.
The stock price increased significantly, indicating a positive market response.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
GameStop Corp. rose 6.7% to $18.16.
The stock price increased significantly, indicating a positive market response.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Hut 8 Mining Corp. rose 6% to $2.2699. Hut 8 Mining Mined 103 Bitcoin in August.
The stock price increased significantly due to the company's successful mining of a substantial number of Bitcoin.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
IAMGOLD Corporation gained 4.2% to $2.3250. RBC Capital upgraded Iamgold from Underperform to Sector Perform and raised the price target from $1.75 to $2.75.
The stock price increased significantly due to an upgrade and a raised price target from RBC Capital.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
ImmunityBio, Inc. rose 11% to $1.7100. ImmunityBio announced $470 million in equity and debt financing from founder Dr. Patrick Soon-Shiong and Nant entities.
The stock price increased significantly due to the announcement of substantial equity and debt financing.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
IonQ, Inc. gained 8.6% to $21.39.
The stock price increased significantly, indicating a positive market response.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
MoonLake Immunotherapeutics jumped 15.2% to $60.60 after rival Acelyrin reported Part B of its Phase 2b/3 trial of izokibep for Hidradenitis Suppurativa failed to meet its primary endpoint. MoonLake is also working on a treatment for Hidradenitis Suppurativa.
The stock price increased significantly due to the failure of a rival's clinical trial.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Matrix Service Company shares gained 6.4% to $8.48 after the company posted a narrower-than-expected loss for its fourth quarter.
The stock price increased significantly due to a narrower-than-expected loss for the fourth quarter.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
NextNav Inc. climbed 12.6% to $5.05.
The stock price increased significantly, indicating a positive market response.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Riot Platforms, Inc. shares surged 9.4% to $11.09.
The stock price increased significantly, indicating a positive market response.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Shengfeng Development Limited shares jumped 45.3% to $13.53.
The stock price increased significantly, indicating a positive market response.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
The Beauty Health Company gained 16.6% to $6.38 after the company announced a business transformation program to drive profitability and growth. The company’s board authorized a $100 million share repurchase.
The stock price increased significantly due to the announcement of a business transformation program and a share repurchase.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
United Homes Group, Inc. gained 10.4% to $7.43.
The stock price increased significantly, indicating a positive market response.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
VinFast Auto Ltd. gained 6.2% to $17.59. Vinfast Auto filed prospectus related to offer of up to 10.8 million ordinary shares of common stock.
The stock price increased significantly due to the filing of a prospectus related to a substantial share offer.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
TeraWulf Inc. gained 14% to $1.9499.
The stock price increased significantly, indicating a positive market response.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100