NIO, Evolution Petroleum And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several US-listed stocks traded lower in Wednesday's pre-market session. Evolution Petroleum Corporation (EPM) dipped 13.9% after reporting downbeat Q4 results. Aurora Cannabis (ACB), Canopy Growth Corporation (CGC), Granite Ridge Resources (GRNT), WeWork (WE), POSCO Holdings (PKX), Squarespace (SQSP), XPeng (XPEV), and NIO (NIO) also recorded losses. Squarespace priced its secondary offering of 5 million class A common shares at $29 per share. Shares of China EV makers fell following report of possible EU tariffs.
September 13, 2023 | 10:02 am
News sentiment analysis
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NEGATIVE IMPACT
Aurora Cannabis's shares fell 9.9% in pre-market trading.
The article does not provide a specific reason for the drop in ACB's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Canopy Growth Corporation's shares declined 9.7% in pre-market trading.
The article does not provide a specific reason for the drop in CGC's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Evolution Petroleum Corporation's stock dipped 13.9% after reporting downbeat Q4 results.
The company's disappointing Q4 results have negatively impacted investor sentiment, leading to a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Granite Ridge Resources's shares fell 7.7% as the company reported pricing of secondary public offering of common stock.
The company's announcement of a secondary public offering of common stock has likely led to a dilution of shares, causing the stock price to drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
NIO's shares fell 2.5% following report of possible EU tariffs.
The report of possible EU tariffs on China EV makers has negatively impacted investor sentiment, leading to a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
POSCO Holdings's shares fell 3.6% in pre-market trading.
The article does not provide a specific reason for the drop in PKX's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Squarespace's shares fell 3.2% after pricing its secondary offering of 5 million class A common shares at $29 per share.
The company's announcement of a secondary offering of common shares at $29 per share has likely led to a dilution of shares, causing the stock price to drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
WeWork's shares declined 7.1% in pre-market trading.
The article does not provide a specific reason for the drop in WE's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
XPeng's shares declined 3% following report of possible EU tariffs.
The report of possible EU tariffs on China EV makers has negatively impacted investor sentiment, leading to a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100