Archer-Daniels-Midland, B. Riley Financial And Other Big Stocks Moving Lower In Monday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
In Monday's pre-market session, Archer-Daniels-Midland Company (ADM) shares fell 9.6% after announcing Ismael Roig as Interim CFO and an adjusted EPS forecast of $6.90 for FY Dec. 2023. B. Riley Financial (RILY) shares dropped 17.5% in response to a Bloomberg article. Other stocks experiencing pre-market losses include HUYA Inc. (HUYA), Algoma Steel Group Inc. (ASTL), XPeng Inc. (XPEV), Zai Lab Limited (ZLAB), Canaan Inc. (CAN), Corcept Therapeutics Incorporated (CORT), Dada Nexus Limited (DADA), and Baidu, Inc. (BIDU).
January 22, 2024 | 10:07 am
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NEGATIVE IMPACT
ADM shares fell 9.6% in pre-market trading after the company announced Ismael Roig as Interim CFO and an adjusted EPS forecast of $6.90 for FY Dec. 2023.
The appointment of an interim CFO and the release of an adjusted EPS forecast are significant events that can influence investor confidence and expectations, leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
B. Riley Financial shares plummeted 17.5% in pre-market trading following a response to a Bloomberg news article.
The significant drop in B. Riley Financial's stock price in response to a news article suggests that the content of the article or the company's response may have raised concerns among investors, leading to a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100