Vericity, POINT Biopharma Global, Oddity Tech And Other Big Stocks Moving Higher On Tuesday
Portfolio Pulse from Lisa Levin
Despite a general downturn in the US stock market, several stocks recorded gains. Vericity, Inc. saw a significant increase after iA Financial Group announced its acquisition. POINT Biopharma Global Inc. also gained after Eli Lilly And Co agreed to acquire it. Clean Energy Fuels Corp., Warby Parker Inc., Lantheus Holdings, Inc., Oddity Tech Ltd., Fiverr International Ltd., Studio City International Holdings Limited, NuScale Power Corporation, and Synaptics Incorporated also saw increases.
October 03, 2023 | 2:09 pm
News sentiment analysis
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POSITIVE IMPACT
Clean Energy Fuels Corp. rose after Raymond James upgraded it from Outperform to Strong Buy.
Upgrades by financial analysts often lead to a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Fiverr International Ltd. rose after Roth MKM upgraded it from Neutral to Buy.
Upgrades by financial analysts often lead to a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Lantheus Holdings, Inc. climbed possibly due to Eli Lilly's agreement to acquire POINT Biopharma.
The stock price of a company can rise if it is associated with another company that is being acquired.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Studio City International Holdings Limited climbed.
The news does not provide a specific reason for the rise in Studio City International's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100
POSITIVE IMPACT
Oddity Tech Ltd. gained after reporting solid preliminary third-quarter results.
Positive earnings reports often lead to a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
POINT Biopharma Global Inc. gained after Eli Lilly And Co agreed to acquire it.
Acquisition announcements often lead to a surge in the stock price of the company being acquired.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
NuScale Power Corporation gained.
The news does not provide a specific reason for the rise in NuScale Power's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100
POSITIVE IMPACT
Synaptics Incorporated climbed after Keybanc maintained it with an Overweight and raised the price target.
Positive analyst ratings and raised price targets often lead to a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Vericity's stock climbed after iA Financial Group announced its acquisition.
Acquisition announcements often lead to a surge in the stock price of the company being acquired.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Warby Parker Inc. gained after Evercore ISI Group upgraded it from In-Line to Outperform.
Upgrades by financial analysts often lead to a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100