Tesla, Mirati Therapeutics And Other Big Stocks Moving Lower In Monday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several US stocks traded lower in Monday's pre-market session. TPG RE Finance Trust, InMode, Gilat Satellite Networks, Mobileye Global, Camtek, Global-e Online, Spotify, Mirati Therapeutics, and Tesla all recorded losses. Notably, Spotify was downgraded by Redburn Atlantic from Buy to Neutral with a lowered price target. Mirati Therapeutics slipped after Bristol Myers Squibb announced plans to acquire the company, leading to a downgrade by Jefferies. Tesla's shares fell following a reported 10.9% YoY decrease in China-made electric vehicle sales in September.
October 09, 2023 | 9:57 am
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NEGATIVE IMPACT
Mirati Therapeutics shares slipped 2% in pre-market trading after Bristol Myers Squibb announced plans to acquire the company, leading to a downgrade by Jefferies.
The acquisition announcement by Bristol Myers Squibb and the subsequent downgrade by Jefferies are likely to have a negative short-term impact on Mirati Therapeutics' stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Spotify shares fell 2.2% in pre-market trading after Redburn Atlantic downgraded the stock from Buy to Neutral and lowered the price target.
The downgrade and lowered price target by Redburn Atlantic are likely to negatively impact Spotify's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
TPG RE Finance Trust shares tumbled 8.1% in pre-market trading.
The significant pre-market drop in TPG RE Finance Trust's shares indicates a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Tesla shares fell 1.6% in pre-market trading following a reported 10.9% YoY decrease in China-made electric vehicle sales in September.
The reported decrease in Tesla's China-made electric vehicle sales is likely to negatively impact the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100