Crude Oil Rises Sharply; Know Labs Shares Plunge
Portfolio Pulse from Lisa Levin
US stocks traded lower with the Dow Jones falling more than 200 points. Energy shares rose by 1.9% while utilities shares fell by 2.1%. Crude oil inventories in the U.S. declined by 2.17 million barrels. ShiftPixy, SciSparc, and MillerKnoll shares rose significantly after various announcements. mCloud Technologies, Sharps Technology, and Know Labs shares dropped significantly due to various reasons.
September 27, 2023 | 6:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Know Labs shares dropped 29% after the company announced pricing of a $7 million public offering of common stock.
The announcement of the pricing of a $7 million public offering of common stock led to a significant decrease in Know Labs' share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
mCloud Technologies shares dropped 48% after the company said it would not meet the listing requirements of the Nasdaq Stock Market.
The announcement that the company will not meet the listing requirements of the Nasdaq Stock Market led to a significant decrease in mCloud Technologies' share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Sharps Technology shares dropped 35% 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 priced at the market under Nasdaq rules led to a significant decrease in Sharps Technology's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
MillerKnoll shares rose 28% after the company announced better-than-expected first-quarter financial results and issued FY24 EPS guidance above estimates.
The announcement of better-than-expected Q1 results and above estimates FY24 EPS guidance led to a significant increase in MillerKnoll's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
ShiftPixy shares rose 95% after announcing the effective date for its reverse stock split.
The announcement of the effective date for the reverse stock split led to a significant increase in ShiftPixy's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
SciSparc shares rose 37% after the company reported its 1-for-26 reverse share split is expected to be implemented after market close today.
The announcement of the expected implementation of the reverse share split led to a significant increase in SciSparc's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100