Outset Medical, SMART Global And Other Big Stocks Moving Lower In Friday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several US stocks traded lower in Friday's pre-market session. Outset Medical, Inc. (OM) fell 38.1% after reporting preliminary Q3 financial results. Cassava Sciences, Inc. (SAVA) shares dipped 28.8% following a statement regarding a leaked internal CUNY report. SMART Global Holdings, Inc. (SGH) declined 25.8% after reporting worse-than-expected Q4 financial results and a weak Q1 forecast. Puyi Inc. (PUYI), Nextdoor Holdings, Inc. (KIND), AvePoint, Inc. (AVPT), and JD.com, Inc. (JD) also recorded losses.
October 13, 2023 | 10:37 am
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NEGATIVE IMPACT
AvePoint's stock declined 4.4% in pre-market trading.
The company's stock fell in pre-market trading, suggesting a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
JD.com's stock fell 4.4% after being downgraded by Macquarie and Morgan Stanley.
The company's stock fell due to downgrades by Macquarie and Morgan Stanley, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Nextdoor Holdings' stock fell 5.2% in pre-market trading.
The company's stock fell in pre-market trading, suggesting a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Outset Medical's stock fell 38.1% after reporting preliminary Q3 financial results.
The company's stock fell significantly due to disappointing Q3 financial results, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Puyi Inc.'s stock fell 5.2% in pre-market trading.
The company's stock fell in pre-market trading, suggesting a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Cassava Sciences' shares dipped 28.8% following a statement regarding a leaked internal CUNY report.
The company's shares fell due to negative news about a leaked internal report, suggesting a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
SMART Global Holdings' stock declined 25.8% after reporting worse-than-expected Q4 financial results and a weak Q1 forecast.
The company's stock fell significantly due to poor Q4 results and a weak Q1 forecast, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100