Why Skillsoft Shares Are Trading Lower By Around 27%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session
Portfolio Pulse from Avi Kapoor
Skillsoft Corp. shares fell by 26.7% after reporting mixed Q4 results and lower-than-expected FY25 revenue guidance. Other stocks moved significantly in Tuesday's session, with notable gainers including WiSA Technologies and Palisade Bio, and losers like Barnes & Noble Education and Calidi Biotherapeutics.
April 16, 2024 | 6:17 pm
News sentiment analysis
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NEGATIVE IMPACT
Barnes & Noble Education shares dipped 58.2% after announcing a short-term shareholder rights plan and a new equity investment.
The announcement of a shareholder rights plan and new equity investment, typically seen as defensive measures, has led to a sharp decline in BNED's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Calidi Biotherapeutics fell 54.8% after announcing the pricing of a $6.1 million public offering.
The significant drop in Calidi Biotherapeutics' stock price is likely due to the dilutive effect of the public offering on existing shareholders.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Skillsoft reported mixed Q4 financial results and issued FY25 revenue guidance below estimates, causing a 26.7% drop in its shares.
The negative reaction to Skillsoft's earnings report and future revenue guidance suggests a bearish short-term outlook for the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
WiSA Technologies shares jumped 85% after announcing a 5-year licensing agreement with an HDTV/PTV brand.
The announcement of a significant licensing agreement is likely to have a positive short-term impact on WiSA Technologies' stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90