Costco And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several big stocks are recording losses in today's pre-market trading session. These include Conduit Pharmaceuticals Inc., Roadzen, Inc., DocGo Inc., ESS Tech, Inc., Lufax Holding Ltd, Mondee Holdings, Inc., and Costco Wholesale Corporation. Costco reported better-than-expected earnings and sales results for its fourth quarter on Tuesday.
September 27, 2023 | 9:55 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Conduit Pharmaceuticals Inc. shares dipped 10.8% in pre-market trading after falling more than 36% on Tuesday.
The continued dip in Conduit Pharmaceuticals' share price indicates a negative market sentiment towards the company, which could further depress the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Costco Wholesale Corporation shares fell 2.1% in pre-market trading. Costco Wholesale reported better-than-expected earnings and sales results for its fourth quarter on Tuesday.
Despite reporting better-than-expected earnings and sales results for its fourth quarter, Costco Wholesale's share price fell in pre-market trading, suggesting that the market may not have reacted positively to the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
DocGo Inc. shares fell 3.8% in pre-market trading. DocGo recently appointed Lee Bienstock as CEO.
The decline in DocGo's share price in pre-market trading, despite the recent appointment of a new CEO, suggests that the market may be reacting negatively to the change in leadership.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
ESS Tech, Inc. shares fell 3.7% in pre-market trading after gaining around 7% on Tuesday. Honeywell International Inc recently entered into a strategic collaboration with ESS Tech.
Despite the recent strategic collaboration with Honeywell, ESS Tech's share price fell in pre-market trading, suggesting that the market may not have reacted positively to the news.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Lufax Holding Ltd shares fell 3.7% in pre-market trading.
The decline in Lufax Holding's share price in pre-market trading suggests a negative market sentiment, which could further depress the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Mondee Holdings, Inc. fell 3.1% in pre-market trading. Mondee recently announced that its board of directors approved a $30 million share repurchase program.
Despite the recent announcement of a $30 million share repurchase program, Mondee Holdings' share price fell in pre-market trading, suggesting that the market may not have reacted positively to the news.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Roadzen, Inc. shares fell 6.6% in pre-market trading after declining around 7% on Tuesday.
The continued decline in Roadzen's share price suggests a negative market sentiment, which could further depress the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100