Why Rubicon Technologies Shares Are Trading Lower By Over 7%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
Several stocks have seen significant movement in pre-market trading. T2 Biosystems, Perspective Therapeutics, SCWorx Corp, Avalo Therapeutics, Better Therapeutics, ShiftPixy, TradeUP Acquisition Corp, TC Biopharm, SeqLL Inc, and Astra Space saw increases ranging from 8.1% to 44.4%. Meanwhile, Earlyworks Co., MSP Recovery, AERWINS Technologies, AgriFORCE Growing Systems, Processa Pharmaceuticals, 180 Life Sciences Corp, OKYO Pharma, FOXO Technologies, Safety Shot Inc, and Rubicon Technologies saw decreases ranging from 7.5% to 28%.
September 18, 2023 | 12:10 pm
News sentiment analysis
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NEGATIVE IMPACT
Rubicon Technologies shares fell 7.5% in pre-market trading after reporting a 1-for-8 reverse stock split.
The company's decision to implement a reverse stock split is often seen as a negative sign by investors, leading to the decrease in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
T2 Biosystems shares rose 44.4% in pre-market trading after issuing inducement awards to four new employees.
The company's decision to issue inducement awards to new employees is likely seen as a positive sign by investors, leading to the increase in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100