Market-Moving News for October 18th
Portfolio Pulse from ryanfaloona@benzinga.com
Ardelyx (ARDX) shares surged 24.5% after FDA approval of XPHOZAH, a first-in-class phosphate absorption inhibitor. United Airlines (UAL) shares dropped 7% following Q3 results and guidance, warning that Q4 EPS could be as low as $1.50 if Tel Aviv flight suspensions continue. Floor & Decor (FND) shares rose 9% after announcing the grand opening of a store in Hyannis, Massachusetts.
October 18, 2023 | 12:43 pm
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POSITIVE IMPACT
Ardelyx shares surged 24.5% after FDA approval of XPHOZAH, a first-in-class phosphate absorption inhibitor.
The FDA approval of XPHOZAH, a first-in-class phosphate absorption inhibitor, is a significant positive development for Ardelyx. This approval could potentially lead to increased revenues for the company, hence the surge in the stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Floor & Decor shares rose 9% after announcing the grand opening of a store in Hyannis, Massachusetts.
Floor & Decor announced the grand opening of a store in Hyannis, Massachusetts. This positive news has led to a rise in the company's stock price.
CONFIDENCE 100
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
United Airlines shares dropped 7% following Q3 results and guidance, warning that Q4 EPS could be as low as $1.50 if Tel Aviv flight suspensions continue.
United Airlines reported lower than expected Q3 results and issued a warning that Q4 EPS could be as low as $1.50 if Tel Aviv flight suspensions continue. This negative news has led to a drop in the company's stock price.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100