Shares of companies within the auto and auto components sector are trading lower amid overall market weakness following hotter-than-expected March inflation data.
Portfolio Pulse from Benzinga Newsdesk
Shares of companies in the auto and auto components sector, including ADNT, APTV, FOXF, GT, MBLY, MGA, PII, RIVN, SRI, THO, are trading lower due to market weakness following hotter-than-expected March inflation data.
April 10, 2024 | 5:54 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
ADNT shares are trading lower due to overall market weakness following hotter-than-expected March inflation data.
ADNT, being part of the auto sector, is directly impacted by the market's negative reaction to the inflation data, leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
APTV shares are trading lower due to overall market weakness following hotter-than-expected March inflation data.
APTV, as a part of the auto components sector, is negatively affected by the market's response to the inflation report, causing a decline in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
FOXF shares are trading lower due to overall market weakness following hotter-than-expected March inflation data.
FOXF is impacted by the broader market downturn triggered by the inflation data, leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
GT shares are trading lower due to overall market weakness following hotter-than-expected March inflation data.
GT's stock price is declining as a result of the market's adverse reaction to the unexpected inflation figures, affecting the auto sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MBLY shares are trading lower due to overall market weakness following hotter-than-expected March inflation data.
MBLY is experiencing a stock price decrease as the market responds negatively to the inflation data, impacting the auto sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MGA shares are trading lower due to overall market weakness following hotter-than-expected March inflation data.
MGA, part of the auto components sector, sees its stock price fall as the market reacts to the inflation report, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
PII shares are trading lower due to overall market weakness following hotter-than-expected March inflation data.
PII's stock price is negatively impacted by the market's downturn in response to the higher-than-expected inflation, affecting the auto sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
RIVN shares are trading lower due to overall market weakness following hotter-than-expected March inflation data.
RIVN is affected by the broader market's negative reaction to the inflation data, leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
SRI shares are trading lower due to overall market weakness following hotter-than-expected March inflation data.
SRI, as part of the auto components sector, sees its stock price decline as the market reacts negatively to the inflation data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
THO shares are trading lower due to overall market weakness following hotter-than-expected March inflation data.
THO is directly impacted by the market's downturn following the release of the inflation report, leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80