Crude Oil Falls Sharply; ISM Services PMI Declines In September
Portfolio Pulse from Lisa Levin
U.S. stocks traded higher with the Nasdaq Composite gaining around 1% on Wednesday. The ISM services PMI fell to 53.6 in September. BranchOut Food Inc. (NASDAQ:BOF), Gaucho Group Holdings, Inc. (NASDAQ:VINO), and Vivos Therapeutics, Inc. (NASDAQ:VVOS) saw their shares rise. However, Kineta, Inc. (NASDAQ:KA), A10 Networks, Inc. (NYSE:ATEN), and Trinseo PLC (NYSE:TSE) experienced a drop in their shares. Crude oil fell by 4%.
October 04, 2023 | 3:59 pm
News sentiment analysis
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POSITIVE IMPACT
BranchOut Food Inc. shares rose by 11% after pre-announcing third-quarter revenue of roughly $1.1 million.
The pre-announcement of Q3 revenue led to a positive investor sentiment, driving the stock price up.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Gaucho Group Holdings, Inc. shares rose by 42% after announcing plans to list two of its retail properties in Argentina for sale.
The announcement of the sale of retail properties led to positive investor sentiment, driving the stock price up.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Vivos Therapeutics, Inc. shares rose by 91% after the company announced it executed strategic agreements with Ormco and On Demand Orthodontist.
The announcement of strategic agreements led to positive investor sentiment, driving the stock price up.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
A10 Networks, Inc. shares dropped by 31% after the company reported preliminary third-quarter financial results below consensus.
The announcement of lower than expected Q3 financial results led to negative investor sentiment, driving the stock price down.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Kineta, Inc. shares dropped by 27% after the company announced a $3 million registered direct offering.
The announcement of a direct offering led to negative investor sentiment, driving the stock price down.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Trinseo PLC shares dropped by 24% after Jefferies downgraded the company from Buy to Hold and lowered the price target.
The downgrade by Jefferies led to negative investor sentiment, driving the stock price down.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80