Oracle Reports Weak Sales, Joins Kinetik, Lucid Group And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Oracle Corporation reported second-quarter earnings that exceeded expectations but missed on sales, causing its shares to drop 8.5% in pre-market trading. Other stocks also moved lower in the pre-market session, including Kinetik Holdings, Harmony Gold Mining, GoPro, Genmab, Lucid Group, RTX Corporation, and Airbnb.
December 12, 2023 | 10:32 am
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NEGATIVE IMPACT
Airbnb shares fell in pre-market trading.
The pre-market decline indicates a negative short-term impact, but the article does not provide a specific reason for the drop.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Genmab shares fell in pre-market trading.
The pre-market decline indicates a negative short-term impact, but the article does not provide a specific reason for the drop.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
GoPro shares saw a decline in pre-market trading.
The pre-market decline in GoPro shares suggests a negative short-term impact, but the reason behind the move is not specified.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Harmony Gold Mining shares declined in pre-market trading after a gain on the previous day.
The decline could be a market correction following the previous day's gain, indicating a short-term negative impact.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Kinetik Holdings shares dropped after announcing the pricing of an upsized underwritten secondary offering.
The pricing of a secondary offering often leads to a short-term decline in stock price due to the dilution of existing shares.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Lucid Group shares fell after the announcement of CFO Sherry House's resignation.
C-suite changes, such as a CFO resignation, can create uncertainty and negatively impact stock prices in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Oracle Corporation's shares fell after reporting Q2 earnings that beat estimates but sales that missed expectations.
Oracle's stock price is likely to be negatively impacted in the short term due to the sales miss, which can be a significant concern for investors focused on revenue growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
RTX Corporation shares declined in pre-market trading.
The pre-market decline suggests a negative short-term impact, but the article does not provide a specific reason for the drop.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60