United Airlines, Interactive Brokers And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several US-listed stocks traded lower in Wednesday's pre-market session. BGC Group, Inc. (BGC) fell 6.2%, Genmab A/S (GMAB) declined 5.6%, United Airlines Holdings, Inc. (UAL) fell 4.9%, AstraZeneca PLC (AZN) fell 3.1%, Interactive Brokers Group, Inc. (IBKR) fell 2.9%, Lithium Americas Corp. (LAC) declined 2.7%, and Baidu, Inc. (BIDU) declined 2.7%. Factors influencing these movements include earnings reports, product approvals, and analyst ratings.
October 18, 2023 | 10:05 am
News sentiment analysis
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NEGATIVE IMPACT
AstraZeneca PLC shares fell 3.1% in pre-market trading despite the approval of its Soliris (Eculizumab) for neuromyelitis optica spectrum disorder in patients with anti-aquaporin-4 antibody positive by the National Medical Products Administration Of China.
Despite the approval of its product, AZN's share price fell, possibly due to other factors not mentioned in the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
BGC Group, Inc. shares fell 6.2% in pre-market trading after gaining over 1% on Tuesday.
The drop in BGC's share price could be a market correction following the previous day's gain.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Baidu, Inc. shares declined 2.7% in pre-market trading. The company launched the upgraded version of its Ernie bot with V4.0.
Despite the launch of its upgraded product, BIDU's share price fell, possibly due to other factors not mentioned in the news.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Genmab A/S shares declined 5.6% in pre-market trading. The company reported third-quarter net sales of $2.5 billion for DARZALEX (Daratumumab).
Despite reporting substantial Q3 net sales, GMAB's share price fell, possibly due to market expectations or other factors not mentioned in the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Interactive Brokers Group, Inc. shares fell 2.9% in pre-market trading after reporting third-quarter results.
IBKR's share price fell following its Q3 results, possibly due to investor reactions to the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Lithium Americas Corp. shares declined 2.7% in pre-market trading after Deutsche Bank downgraded the company from Buy to Hold and lowered the price target from $25 to $7.
LAC's share price fell following Deutsche Bank's downgrade and lowered price target, indicating negative investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
United Airlines Holdings, Inc. shares fell 4.9% in pre-market trading following third-quarter results and future earnings projections.
UAL's share price fell following its Q3 results and future earnings projections, possibly due to investor concerns about the company's performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100