Tesla, Nokia And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several major stocks traded lower in Thursday's pre-market session. Rentokil Initial's shares dipped 12.9% after the company lowered its annual adjusted operating margin forecast. VMware's shares declined 6.8% due to potential delays in Broadcom’s purchase approval by China's State Administration of Market Regulation. Ardelyx's shares fell 6.7% despite FDA approval of XPHOZAH. Tesla's shares declined 5.3% following weaker-than-expected Q3 earnings and sales results. Rollins, Foot Locker, Iovance Biotherapeutics, Nokia, and Aehr Test Systems also recorded losses.
October 19, 2023 | 9:55 am
News sentiment analysis
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NEGATIVE IMPACT
Ardelyx's shares fell 6.7% despite FDA approval of XPHOZAH.
Despite the FDA approval of XPHOZAH, Ardelyx's shares fell, possibly due to other factors not mentioned in the article.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Rentokil Initial's shares dipped 12.9% after the company lowered its annual adjusted operating margin forecast.
Rentokil Initial's lowered forecast is likely to negatively impact investor confidence, leading to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tesla's shares declined 5.3% following weaker-than-expected Q3 earnings and sales results.
Tesla's weaker-than-expected Q3 earnings and sales results are likely to negatively impact investor confidence, leading to a decrease in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
VMware's shares declined 6.8% due to potential delays in Broadcom’s purchase approval by China's State Administration of Market Regulation.
The potential delay in Broadcom’s purchase approval is likely to create uncertainty among investors, leading to a decrease in VMware's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100