Dow Falls Over 100 Points; US Durable Goods Orders Increase In August
Portfolio Pulse from Lisa Levin
US stocks traded lower with the Dow Jones falling over 100 points. US durable goods orders increased 0.2% MoM in August, beating market expectations for a 0.5% fall. ShiftPixy, SciSparc, and MillerKnoll saw their shares rise after announcing reverse stock splits and better-than-expected financial results respectively. mCloud Technologies, Sharps Technology, and Know Labs saw their shares drop due to non-compliance with Nasdaq listing requirements and public offerings.
September 27, 2023 | 4:00 pm
News sentiment analysis
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POSITIVE IMPACT
MillerKnoll shares rose 27% after announcing better-than-expected Q1 financial results and issuing FY24 EPS guidance above estimates.
The announcement of better-than-expected Q1 results and positive FY24 EPS guidance has led to a significant increase in MillerKnoll's share price, indicating positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
ShiftPixy shares rose 162% after announcing the effective date for its reverse stock split.
The announcement of the reverse stock split has led to a significant increase in ShiftPixy's share price, indicating positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
SciSparc shares rose 93% after announcing its 1-for-26 reverse share split.
The announcement of the reverse share split has led to a significant increase in SciSparc's share price, indicating positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Know Labs shares fell 32% after the company announced pricing of a $7 million public offering of common stock.
The announcement of a $7 million public offering of common stock has led to a significant decrease in Know Labs' share price, indicating negative investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
mCloud Technologies shares dropped 51% after the company announced it would not meet the listing requirements of the Nasdaq Stock Market.
The announcement of non-compliance with Nasdaq listing requirements has led to a significant decrease in mCloud Technologies' share price, indicating negative investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Sharps Technology shares fell 32% after the company reported a $5.6 million registered direct and private placement priced at the market under Nasdaq rules.
The announcement of a $5.6 million registered direct and private placement has led to a significant decrease in Sharps Technology's share price, indicating negative investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100