NetScout Systems, Ericsson And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several stocks including NetScout Systems, Ambrx Biopharma, Ericsson, SunPower Corporation, Nokia, Editas Medicine, and Blue Owl Capital Corporation recorded losses in Tuesday's pre-market trading session. NetScout Systems reported weak preliminary results for Q2 and lowered its FY24 guidance, causing its shares to dip 23%. Ambrx Biopharma's shares declined after announcing updated safety and efficacy data from an ongoing trial. Ericsson reported downbeat Q3 sales, leading to a fall in its shares.
October 17, 2023 | 10:25 am
News sentiment analysis
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NEGATIVE IMPACT
Ambrx Biopharma shares declined after announcing updated safety and efficacy data from an ongoing trial.
The updated safety and efficacy data from the ongoing trial may have not met investor expectations, leading to a decline in the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Editas Medicine shares fell in pre-market trading.
The specific reason for the decline is not mentioned, but any negative news or market sentiment could be affecting the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Ericsson shares fell after the company reported downbeat Q3 sales.
The company's lower than expected Q3 sales are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Nokia shares fell in pre-market trading.
The specific reason for the decline is not mentioned, but any negative news or market sentiment could be affecting the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
NetScout Systems shares dipped 23% after reporting weak Q2 results and lowering its FY24 guidance.
The company's weak Q2 results and lowered FY24 guidance are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Blue Owl Capital Corporation shares declined in pre-market trading.
The specific reason for the decline is not mentioned, but any negative news or market sentiment could be affecting the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
SunPower Corporation shares declined in pre-market trading.
The specific reason for the decline is not mentioned, but any negative news or market sentiment could be affecting the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100