Nasdaq Surges Over 100 Points Ahead Of Fed Decision; WeWork Shares Plunge
Portfolio Pulse from Lisa Levin
U.S. stocks traded higher with the Nasdaq Composite gaining over 100 points. Information technology shares jumped by 1.3%. Cellectis S.A. (CLLS) shares shot up 148% after reporting strategic collaboration and investment agreements with AstraZeneca. Patriot Transportation Holding, Inc. (PATI) shares shot up 104% after announcing an agreement for United Petroleum Transports to acquire all of its outstanding shares. TG Therapeutics, Inc. (TGTX) shares were up 29% following third-quarter results. WeWork Inc. (WE) shares dropped 52% following reports of nearing bankruptcy. IRIDEX Corporation (IRIX) shares were down 43% after withdrawing its previously announced annual guidance for 2023. Paycom Software, Inc. (PAYC) shares fell 38% after reporting worse-than-expected third-quarter sales results and issuing FY23 revenue guidance below estimates.
November 01, 2023 | 4:38 pm
News sentiment analysis
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NEGATIVE IMPACT
IRIDEX Corporation shares were down 43% after withdrawing its previously announced annual guidance for 2023.
The withdrawal of its previously announced annual guidance for 2023 is a significant negative development for IRIDEX, which is reflected in the drop in its share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Paycom Software, Inc. shares fell 38% after reporting worse-than-expected third-quarter sales results and issuing FY23 revenue guidance below estimates.
The worse-than-expected third-quarter sales results and lower-than-expected FY23 revenue guidance are significant negative developments for Paycom Software, which are reflected in the drop in its share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
WeWork Inc. shares dropped 52% following reports of nearing bankruptcy.
The reports of nearing bankruptcy are a significant negative development for WeWork, which is reflected in the sharp drop in its share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Cellectis S.A. shares shot up 148% after reporting strategic collaboration and investment agreements with AstraZeneca.
The strategic collaboration and investment agreements with AstraZeneca are significant positive news for Cellectis, which is reflected in the sharp rise in its share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Patriot Transportation Holding, Inc. shares shot up 104% after announcing an agreement for United Petroleum Transports to acquire all of its outstanding shares.
The acquisition agreement with United Petroleum Transports is a significant positive development for Patriot Transportation, which is reflected in the sharp rise in its share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
TG Therapeutics, Inc. shares were up 29% following third-quarter results.
The positive third-quarter results are a significant positive development for TG Therapeutics, which is reflected in the rise in its share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100