Mattel, Meta, Align Technology And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several US stocks traded lower in Thursday's pre-market session. Align Technology, MaxLinear, Mattel, Pure Storage, Gogoro, Arista Networks, DraftKings, Lithium Americas, Meta Platforms, and Tesla all recorded losses. This was largely due to worse-than-expected Q3 results and downgraded ratings.
October 26, 2023 | 10:10 am
News sentiment analysis
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NEGATIVE IMPACT
Align Technology shares tumbled 25.3% after reporting worse-than-expected Q3 results and issuing guidance.
The company's worse-than-expected Q3 results and guidance are likely to negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Arista Networks shares fell 5.4% in pre-market trading.
The company's stock price is likely to be negatively impacted in the short term, although the news does not specify the reason for the decline.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
DraftKings shares declined 4.9% in pre-market trading.
The company's stock price is likely to be negatively impacted in the short term, although the news does not specify the reason for the decline.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Gogoro shares fell 6.3% in pre-market trading after gaining 10% on Wednesday.
The company's stock price is likely to be negatively impacted in the short term, although the news does not specify the reason for the decline.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Lithium Americas shares fell 4.9% in pre-market trading after declining 4% on Wednesday.
The company's stock price is likely to be negatively impacted in the short term, although the news does not specify the reason for the decline.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Mattel shares declined 10.2% after reporting Q3 results.
The company's Q3 results are likely to negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Meta Platforms shares declined 3.3% despite reporting better-than-expected Q3 results.
Despite the company's better-than-expected Q3 results, its stock price is likely to be negatively impacted in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
MaxLinear shares dipped 21.2% after reporting downbeat Q3 results and being downgraded from Buy to Neutral by Roth MKM.
The company's poor Q3 results and the downgrade from Roth MKM are likely to negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Pure Storage shares declined 6.9% in pre-market trading.
The company's stock price is likely to be negatively impacted in the short term, although the news does not specify the reason for the decline.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Tesla shares fell 2.7% after reporting Q3 financial results that came in below estimates.
The company's Q3 results that came in below estimates are likely to negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100