Broadcom, KB Home And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several US stocks traded lower in Thursday's pre-market session. Broadcom Inc. shares declined 7.1% following reports that Google is replacing Broadcom chips with those from Marvell Technology. Other stocks recording losses include Travere Therapeutics, Nayax Ltd, Cheche Group Inc., Uranium Energy Corp., C3.ai, Inc., VMware, Inc., and KB Home, despite the latter reporting upbeat earnings and sales results for its third quarter and increasing the full-year 2023 housing revenue forecast.
September 21, 2023 | 11:05 am
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NEGATIVE IMPACT
C3.ai, Inc. shares fell 3.8% in pre-market trading after losing 3% on Wednesday.
C3.ai, Inc.'s stock price continues to decline in pre-market trading, following a drop on Wednesday. The article does not provide specific reasons for this decline.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Broadcom shares declined 7.1% in pre-market trading following reports that Google is replacing Broadcom chips with those from Marvell Technology.
The news that Google is replacing Broadcom chips with those from Marvell Technology is likely to have a negative impact on Broadcom's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Cheche Group Inc. shares dipped 4.5% in pre-market trading after falling around 23% on Wednesday.
Cheche Group Inc.'s stock price continues to decline in pre-market trading, following a significant drop on Wednesday. The article does not provide specific reasons for this decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
KB Home shares declined 2.1% in pre-market trading, despite reporting upbeat earnings and sales results for its third quarter and increasing the full-year 2023 housing revenue forecast.
Despite positive earnings and sales results, KB Home's stock price declined in pre-market trading. This could be due to market dynamics or other factors not mentioned in the article.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Nayax Ltd shares fell 5.7% in pre-market trading after gaining 10% on Wednesday.
Despite recent gains, Nayax Ltd's stock price fell in pre-market trading. The article does not provide specific reasons for this decline.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Travere Therapeutics shares fell 6.8% in pre-market trading.
The article does not provide specific reasons for the decline in Travere Therapeutics' stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Uranium Energy Corp. shares declined 3.8% in pre-market trading.
The article does not provide specific reasons for the decline in Uranium Energy Corp.'s stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
VMware, Inc. shares fell 3.4% in pre-market trading.
The article does not provide specific reasons for the decline in VMware, Inc.'s stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100