Shares of several companies in the broader industrial space are trading lower amid possible profit taking following a rally in the overall market.
Portfolio Pulse from Benzinga Newsdesk
Shares of companies in the industrial sector are trading lower due to potential profit-taking after a recent market rally. This trend affects multiple companies across the sector.
December 20, 2023 | 8:49 pm
News sentiment analysis
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NEGATIVE IMPACT
Array Technologies is trading lower amid sector-wide profit-taking after a market rally.
As part of the industrial sector, ARRY is affected by the general trend of profit-taking in the market.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Equifax shares are down as part of a broader decline in the industrial sector due to profit-taking.
EFX is experiencing a downturn as investors take profits following a recent rally, in line with the broader industrial sector.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Joby Aviation's stock is trading lower with the industrial sector's profit-taking movement.
JOBY's stock decline is attributed to the profit-taking activities occurring across the industrial sector.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Li-Cycle Holdings Corp is seeing its shares trade lower amid the industrial sector's profit-taking trend.
LICY's stock is impacted by the broader market behavior where investors are securing profits after a rally, affecting the industrial sector.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Nikola Corporation's shares are trading lower in the wake of profit-taking across the industrial sector.
NKLA is part of the industrial sector that is currently experiencing a downturn due to investors taking profits after recent gains.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Nuvve Holding Corp.'s stock is down following the broader industrial sector's profit-taking actions.
NVVE's decline is in line with the broader industrial sector's movement, where profit-taking is leading to lower stock prices.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Plug Power Inc. shares are trading lower amid a sector-wide profit-taking trend after a market rally.
PLUG is affected by the profit-taking occurring in the industrial sector, leading to a decrease in its stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Sunrun Inc. is experiencing a decline in share price due to profit-taking in the industrial sector.
RUN's stock is trading lower as investors in the industrial sector are taking profits, reflecting the current market sentiment.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Virgin Galactic Holdings' shares are down in the context of the industrial sector's profit-taking phase.
SPCE is trading lower as it follows the trend of the industrial sector, where a pullback is occurring due to profit-taking.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
The stock of an unspecified company with the ticker SPPL is trading lower, following the trend in the industrial sector.
SPPL is mentioned as part of the industrial sector that is experiencing a downturn due to profit-taking by investors.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Stem Inc.'s stock is trading lower amid the broader market trend of profit-taking in the industrial sector.
STEM's stock is impacted by the profit-taking activities in the industrial sector, leading to a decrease in its share price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Sarcos Technology and Robotics Corporation's shares are trading lower due to the profit-taking trend in the industrial sector.
STRC is experiencing a stock price decline as part of the broader trend of profit-taking in the industrial sector.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Sunworks Inc.'s shares are down, aligning with the profit-taking trend in the industrial sector.
SUNW's decline is consistent with the broader industrial sector's movement, where stocks are trading lower due to profit-taking.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Shares of an unspecified company with the ticker SYM are trading lower in line with the industrial sector's profit-taking.
SYM is mentioned as part of the industrial sector that is seeing a downturn due to the current profit-taking trend.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
TPI Composites' stock is trading lower following the trend of profit-taking in the industrial sector.
TPIC's stock is affected by the broader market behavior, with profit-taking leading to a decline in the industrial sector.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
TransUnion is seeing its shares trade lower amid the profit-taking trend in the industrial sector.
TRU is part of the industrial sector that is currently experiencing a downturn due to investors taking profits after recent gains.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Volta Inc.'s shares are trading lower in the context of the industrial sector's profit-taking phase.
VLTO's stock is trading lower as it follows the trend of the industrial sector, where a pullback is occurring due to profit-taking.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Vertiv Holdings Co's stock is down, aligning with the profit-taking trend in the industrial sector.
VRT's decline is consistent with the broader industrial sector's movement, where stocks are trading lower due to profit-taking.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50