Why Las Vegas Sands Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
Portfolio Pulse from Avi Kapoor
Las Vegas Sands Corp. (LVS) shares fell by around 7% despite reporting better-than-expected Q1 results, with earnings of 75 cents per share and sales of $2.96 billion. Other stocks also showed significant movement, with AGBA Group Holding Limited (AGBA) and Tian Ruixiang Holdings Ltd (TIRX) among the top gainers, while iLearningEngines Holdings, Inc. (AILE) and SuperCom Ltd (SPCB) led the losers.

April 18, 2024 | 3:32 pm
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NEGATIVE IMPACT
iLearningEngines Holdings, Inc. shares dipped 29.8%, leading the losers in Thursday's mid-day session.
The sharp decline in AILE's stock price could be attributed to market reactions to recent company developments or broader market trends.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Las Vegas Sands Corp. shares fell by around 7% despite surpassing Q1 earnings and sales expectations.
The drop in LVS shares despite positive earnings report suggests market expectations were higher or other factors influenced the stock price negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
SuperCom Ltd fell 28.4% after announcing pricing of a $2.9 million registered direct offering.
The decline in SPCB's stock price is likely due to the dilutive effect of the registered direct offering on existing shareholders.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
AGBA Group Holding Limited shares surged 148% following a definitive merger agreement with Triller.
The significant jump in AGBA's stock price is directly linked to the announcement of a merger agreement with Triller, indicating positive market reception.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90