MaxCyte, Rivian Automotive And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several US stocks traded lower in Thursday's pre-market session. Cambium Networks (CMBM) shares dipped 27.8% after the company reported lower than expected preliminary Q3 revenue and suspended its full-year 2023 guidance. MaxCyte (MXCT) shares fell 21.4% due to a decrease in Q3 total revenue. Accolade (ACCD) shares declined 9.2% after reporting Q2 results. Rivian Automotive (RIVN) shares fell 8.7% after announcing a debt offering. Resources Connection (RGP) and Nanobiotix (NBTX) shares also fell after reporting financial results. Lithium Americas (LAAC) and Clorox (CLX) shares fell in pre-market trading.
October 05, 2023 | 10:03 am
News sentiment analysis
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NEGATIVE IMPACT
Accolade shares declined after reporting Q2 results.
Negative quarterly results usually lead to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Clorox shares fell after reporting preliminary Q1 financial results.
Negative quarterly results usually lead to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Cambium Networks shares fell after reporting lower than expected Q3 revenue and suspending its 2023 guidance.
Lower than expected revenues and suspension of future guidance usually lead to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Lithium Americas shares fell in pre-market trading.
The news does not provide a specific reason for the stock's decline, but any negative sentiment can lead to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
MaxCyte shares fell due to a decrease in Q3 total revenue.
A decrease in quarterly revenue usually leads to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Nanobiotix shares declined after announcing final efficacy analysis from Phase 1 cohort expansion.
Negative clinical trial results usually lead to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Resources Connection shares fell after reporting Q1 financial results.
Negative quarterly results usually lead to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Rivian Automotive shares fell after announcing a debt offering.
Debt offerings can lead to a decrease in stock price due to potential dilution of shares.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100