Why Getty Images Holdings Shares Are Trading Lower By Around 15%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session
Portfolio Pulse from Lisa Levin
Several stocks experienced significant movement in Tuesday's mid-day session. Vericity, Inc. (VERY) shares climbed 87.4% after iA Financial Group announced it will acquire the company. POINT Biopharma Global Inc. (PNT) surged 84.7% after Eli Lilly And Co (LLY) agreed to acquire the company. ALX Oncology Holdings Inc. (ALXO) shares jumped 56% after releasing interim Phase 2 data from its ASPEN-06 trial. On the downside, SmileDirectClub, Inc. (SDC) dipped 39.7% after receiving notice that its securities will be delisted from the Nasdaq. WeWork Inc. (WE) fell 22% after opting not to make aggregate interest payments totaling about $95.2 million.
October 03, 2023 | 5:32 pm
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POSITIVE IMPACT
ALX Oncology's stock jumped 56% after releasing positive interim Phase 2 data from its ASPEN-06 trial.
The release of positive interim Phase 2 data from its ASPEN-06 trial has led to a significant increase in ALX Oncology's stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
POINT Biopharma's stock surged 84.7% after Eli Lilly agreed to acquire the company.
The acquisition announcement by Eli Lilly has led to a significant increase in POINT Biopharma's stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Vericity's stock climbed 87.4% after iA Financial Group announced it will acquire the company.
The acquisition announcement by iA Financial Group has led to a significant increase in Vericity's stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
SmileDirectClub's stock dipped 39.7% after receiving notice that its securities will be delisted from the Nasdaq.
The notice of delisting from the Nasdaq has led to a significant decrease in SmileDirectClub's stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
WeWork's stock fell 22% after opting not to make aggregate interest payments totaling about $95.2 million.
The decision not to make aggregate interest payments has led to a significant decrease in WeWork's stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100