Silk Road Medical, E2open And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several stocks recorded losses in Wednesday's pre-market trading session. Silk Road Medical's shares fell 38.5% after announcing Q3 revenue results and FY23 revenue guidance below estimates. Fresenius Medical Care, DaVita, and E2open Parent Holdings also saw significant drops in share prices. Hyliion Holdings' shares declined after announcing a strategic review of alternatives for its Electric Powertrain Business. Baxter International, Polestar Automotive, Hut 8 Mining Corp., and Northern Oil and Gas also experienced declines.
October 11, 2023 | 10:00 am
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NEGATIVE IMPACT
DaVita's shares tumbled 16.5% in pre-market trading after Rockwell Medical announced an amended and restated products purchase agreement.
The announcement of an amended and restated products purchase agreement with Rockwell Medical has led to a significant drop in DaVita's share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
E2open Parent Holdings' shares dipped 15.3% in pre-market trading after posting downbeat Q2 results and naming a new interim CEO.
The company's downbeat Q2 results and the appointment of a new interim CEO have led to a drop in its share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Fresenius Medical Care's shares tumbled 18.2% in pre-market trading.
The company's shares have experienced a significant drop in the pre-market trading session.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Silk Road Medical's shares fell 38.5% after announcing Q3 revenue results and FY23 revenue guidance below estimates.
The company's announcement of lower than expected Q3 revenue and FY23 guidance has led to a significant drop in its share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100