Market-Moving News for October 31st
Portfolio Pulse from ryanfaloona@benzinga.com
SciSparc (SPRC) was granted a patent for its opioid reduction technology, causing its shares to surge by 152%. Pinterest (PINS) shares rose by 19% after reporting better-than-expected Q3 results and issuing guidance. PetMed Express (PETS) shares fell by 28% after its Q2 2024 sales missed estimates.
October 31, 2023 | 12:46 pm
News sentiment analysis
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POSITIVE IMPACT
Pinterest's shares rose by 19% after reporting better-than-expected Q3 results and issuing guidance.
Pinterest's better-than-expected Q3 results and the issuing of guidance have positively impacted investor sentiment, leading to a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
SciSparc's shares surged by 152% after being granted a patent for its opioid reduction technology.
The granting of a patent for SciSparc's opioid reduction technology is a significant development for the company, which has led to a surge in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
PetMed Express's shares fell by 28% after its Q2 2024 sales missed estimates.
PetMed Express's Q2 2024 sales missed estimates, which has negatively impacted investor sentiment and led to a drop in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100