FedEx, Splunk, FactSet Research And Other Big Stocks Moving Higher On Thursday
Portfolio Pulse from Lisa Levin
Despite a general fall in U.S. stocks, several companies saw gains. Cisco Systems agreed to acquire Splunk for $157 per share, causing Splunk's stock to rise by 20.8%. Calliditas Therapeutics, Exscientia, Klaviyo, Compañía de Minas Buenaventura, FedEx, FactSet Research Systems, The Greenbrier Companies, and Cipher Mining also saw stock increases due to various factors such as collaborations, IPOs, upgrades, and earnings reports.
September 21, 2023 | 2:25 pm
News sentiment analysis
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POSITIVE IMPACT
Compañía de Minas Buenaventura's stock gained 6% after Morgan Stanley upgraded the company from Equal-Weight to Overweight and raised the price target.
The upgrade by Morgan Stanley is a significant event for Compañía de Minas Buenaventura, leading to an increase in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Calliditas Therapeutics' stock climbed 13.3%.
The article does not provide specific reasons for the increase in Calliditas Therapeutics' stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Cipher Mining's stock gained 3%.
The article does not provide specific reasons for the increase in Cipher Mining's stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Exscientia's stock gained 7.1% after the company announced a drug discovery collaboration with Merck KGaA.
The collaboration with Merck KGaA is a significant event for Exscientia, leading to an increase in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
FactSet Research Systems' stock rose 4.7% after the company reported fourth-quarter sales growth of 7.3% year-on-year.
The reported sales growth is a significant event for FactSet Research Systems, leading to an increase in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
FedEx's stock gained 5.4% after the company reported better-than-expected earnings for its first quarter.
The better-than-expected earnings report is a significant event for FedEx, leading to an increase in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
The Greenbrier Companies' stock climbed 4.7% after the company announced orders for 15,300 new railcars valued at $1.9 billion.
The announcement of new railcar orders is a significant event for The Greenbrier Companies, leading to an increase in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Klaviyo's stock rose 6.1% after the company priced its initial public offering above expectations.
The successful pricing of its IPO above expectations is a significant event for Klaviyo, leading to an increase in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Splunk's stock rose by 20.8% after Cisco Systems agreed to acquire the company for $157 per share.
The acquisition agreement with Cisco Systems is a significant event for Splunk, leading to a substantial increase in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Cisco Systems agreed to acquire Splunk for $157 per share.
The acquisition of Splunk is a significant event for Cisco Systems, but its immediate impact on the company's stock price is unclear.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100