Why ON Semiconductor Shares Are Trading Lower By Around 18%? Here Are Other Stocks Moving In Monday's Mid-Day Session
Portfolio Pulse from Lisa Levin
The article lists the stocks that have gained and lost the most in Monday's mid-day session. Notable gainers include Miromatrix Medical, Eargo, VYNE Therapeutics, and JinkoSolar Holding, among others, due to various reasons such as acquisitions, private placements, FDA approvals, and strong quarterly results. On the other hand, significant losers include CommScope Holding, LumiraDx, Alzamend Neuro, and ON Semiconductor due to factors like disappointing financial results, Nasdaq delisting, and reverse stock splits.
October 30, 2023 | 5:55 pm
News sentiment analysis
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NEGATIVE IMPACT
ON Semiconductor shares fell 18.4% after the company reported disappointing third-quarter financial results and issued fourth-quarter guidance below estimates.
ON Semiconductor's disappointing third-quarter results and lower-than-expected fourth-quarter guidance have negatively impacted investor sentiment, leading to a drop in its share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Miromatrix Medical shares climbed 230.7% after United Therapeutics agreed to acquire the company.
The acquisition agreement with United Therapeutics is a significant positive development for Miromatrix Medical, leading to a sharp increase in its share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100