ArcelorMittal, Revvity And Other Big Stocks Moving Lower In Monday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several big stocks recorded losses in Monday's pre-market trading session. Olaplex Holdings shares fell 4.8% ahead of its Q3 2023 financial results. ArcelorMittal shares declined 4.2% following a fatal accident at its coal mine in Kazakhstan. Spirit Airlines shares fell 3.7% after posting a narrower-than-expected Q3 loss. LianBio shares declined 3.3%, Sandstorm Gold shares fell 3.2% ahead of its Q3 2023 results, Abercrombie & Fitch shares fell 3.2%, and Honda Motor shares declined 1.9% after announcing a driverless taxi service in Japan.
October 30, 2023 | 10:11 am
News sentiment analysis
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NEGATIVE IMPACT
Abercrombie & Fitch shares fell 3.2% in pre-market trading.
The reason for the decline in Abercrombie & Fitch's share price is not specified in the news, but it could be due to market volatility.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Honda Motor shares declined 1.9% after announcing a driverless taxi service in Japan.
Despite the announcement of a driverless taxi service, Honda Motor's shares fell, possibly due to concerns about the implementation and profitability of the new service.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
LianBio shares declined 3.3% in pre-market trading.
The reason for the decline in LianBio's share price is not specified in the news, but it could be due to market volatility.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
ArcelorMittal shares declined 4.2% following a fatal accident at its coal mine in Kazakhstan.
The fatal accident at ArcelorMittal's coal mine could negatively impact the company's operations and reputation, leading to a drop in its share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Olaplex shares fell 4.8% in pre-market trading ahead of its Q3 2023 financial results.
The drop in Olaplex's share price could be due to investor uncertainty ahead of the company's Q3 2023 financial results.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Sandstorm Gold shares fell 3.2% ahead of its Q3 2023 results.
The drop in Sandstorm Gold's share price could be due to investor uncertainty ahead of the company's Q3 2023 financial results.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Spirit Airlines shares fell 3.7% after posting a narrower-than-expected Q3 loss.
Despite a narrower-than-expected Q3 loss, Spirit Airlines' shares fell, possibly due to ongoing concerns about the airline industry's recovery.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100