Gold Down Over 1%; FedEx Shares Rise On Earnings Beat
Portfolio Pulse from Lisa Levin
U.S. stocks traded lower with the Dow Jones falling around 150 points. FedEx Corp (FDX) shares gained over 4% after reporting better-than-expected earnings for Q1, despite sales missing estimates. Murphy Canyon Acquisition Corp. (MURF), Near Intelligence, Inc. (NIR), and Splunk Inc. (SPLK) saw significant gains. Travere Therapeutics, Inc. (TVTX), Cazoo Group Ltd (CZOO), and Seelos Therapeutics, Inc. (SEEL) experienced significant drops.
September 21, 2023 | 4:07 pm
News sentiment analysis
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NEGATIVE IMPACT
Shares of Cazoo Group Ltd were down 32%.
The company's announcement of a deleveraging plan with noteholders and shareholders led to a drop in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Seelos Therapeutics, Inc. was down, falling 33%.
The company's announcement of a $4.5 million registered direct offering of common stock and warrants led to a drop in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Travere Therapeutics, Inc. shares dropped 41%.
The company's announcement of topline two-year confirmatory secondary endpoint results led to a drop in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
FedEx shares rose after better-than-expected Q1 earnings.
Positive earnings generally lead to a rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Murphy Canyon Acquisition Corp. shares shot up 42%.
Stockholder approval of a proposed combination with Conduit Pharmaceuticals led to a rise in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Shares of Near Intelligence, Inc. got a boost, shooting 46%.
The company's partnership with leading global commercial real estate companies led to a rise in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Splunk Inc. shares were up, gaining 21%.
Cisco Systems, Inc's agreement to acquire Splunk led to a rise in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80