Intel, XPeng And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
U.S. stock futures were lower, with Nasdaq futures down 0.2%. Intel Corporation shares fell 4.8% in pre-market trading after announcing a new financial framework for its foundry business. Other stocks like Mesoblast Limited, Fractyl Health, Inc., Nikola Corporation, Nuvation Bio Inc., Shinhan Financial Group Co., Ltd., XPeng Inc., and Li Auto Inc. also recorded losses in pre-market trading.
April 03, 2024 | 9:36 am
News sentiment analysis
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NEGATIVE IMPACT
Fractyl Health, Inc. shares fell 9.1% in pre-market trading after a 10% decline on Tuesday and recent FDA IDE approval news.
The continued decline despite FDA IDE approval suggests investor concerns or profit-taking after the announcement.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Intel shares fell 4.8% in pre-market trading after announcing a new financial framework for its foundry business.
The announcement of a new financial framework aimed at increasing cost discipline and returns likely caused uncertainty among investors, leading to a pre-market stock price drop.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Li Auto Inc. shares fell 3% in pre-market trading after reporting a 39.2% year-over-year increase in March vehicle deliveries.
The stock's decline, despite strong delivery numbers, may reflect broader market conditions or valuation adjustments.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Mesoblast Limited shares tumbled 13.1% in pre-market trading after a previous gain of 8% on Tuesday.
The sharp pre-market decline could be a correction following Tuesday's gain, indicating volatility in the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nikola Corporation shares declined 7.3% in pre-market trading following a more than 5% drop on Tuesday.
The continued pre-market decline suggests ongoing investor skepticism or negative sentiment towards the company.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Nuvation Bio Inc. shares fell 5.8% in pre-market trading after a 6% decline on Tuesday and recent executive appointment.
The stock's decline, despite the new executive appointment, indicates potential investor concerns about the company's direction.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Shinhan Financial Group Co., Ltd. shares declined 5.6% in pre-market trading.
The pre-market decline could reflect broader market trends or specific investor concerns about the financial sector.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
XPeng Inc. shares fell 3.2% in pre-market trading after reporting a 99% increase in Smart EV deliveries for March.
The decline, despite positive delivery news, suggests market reactions to broader economic factors or profit-taking.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80