Why Akoustis Technologies Shares Are Trading Lower By Around 18%? Here Are Other Stocks Moving In Monday's Mid-Day Session
Portfolio Pulse from Avi Kapoor
Akoustis Technologies shares fell by around 18% due to weak quarterly results, missing both earnings and sales estimates. Other stocks moved significantly in Monday's mid-day session, with notable gainers including GameStop, KOSS Corp, and CareCloud, among others, while losers included Barnes & Noble Education and Seritage Growth Properties.
May 13, 2024 | 5:01 pm
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POSITIVE IMPACT
GameStop shares surged 81.6% possibly due to retail investor interest sparked by a social media post.
Social media influence can significantly impact stock prices, especially for companies like GameStop with a history of volatile movements driven by retail investors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Akoustis Technologies shares plummeted due to disappointing quarterly results, missing both EPS and sales forecasts.
Missing earnings and sales estimates is a direct indicator of underperformance, leading to negative investor sentiment and likely stock price decline.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Barnes & Noble Education shares fell 41.6% following a decline on Friday and the announcement of a short-term shareholder rights plan.
The announcement of a shareholder rights plan, especially following a previous decline, can be perceived negatively by the market, suggesting potential dilution or other concerns.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Seritage Growth Properties shares fell 35% after reporting first-quarter financial results.
Poor financial results can lead to a loss of investor confidence and a subsequent drop in stock price, as seen with Seritage Growth Properties.
CONFIDENCE 88
IMPORTANCE 80
RELEVANCE 85