Why Owens Corning Shares Are Trading Lower By Around 9%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
Portfolio Pulse from Lisa Levin
The article lists the stocks that gained and lost the most in Wednesday's mid-day session. Among the gainers were Abri SPAC I, Inc., Nuvve Holding Corp., BIO-key International, Inc., and Microsoft Corporation. Among the losers were Appreciate Holdings, Inc., Vicor Corporation, SunPower Corporation, and Alphabet Inc. Owens Corning shares fell by around 9% due to worse-than-expected third-quarter revenue results and issued fourth-quarter net sales guidance.
October 25, 2023 | 5:49 pm
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NEGATIVE IMPACT
Owens Corning shares fell by around 9% due to worse-than-expected third-quarter revenue results and issued fourth-quarter net sales guidance.
The company's worse-than-expected third-quarter revenue results and issued fourth-quarter net sales guidance are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Microsoft Corporation shares rose 3.7% as the company posted stronger-than-expected results for its fiscal first quarter.
The company's stronger-than-expected fiscal first quarter results are likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100