Li Auto Posts Weak Q1 Results, Joins ATRenew And Other Big Stocks Moving Lower In Monday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Li Auto Inc. (NASDAQ:LI) reported weak Q1 results, missing both EPS and sales estimates, leading to a 4.4% drop in pre-market trading. Other stocks like Super Hi International Holding (NASDAQ:HDL), DouYu International Holdings Limited (NASDAQ:DOYU), ATRenew Inc. (NASDAQ:RERE), Newegg Commerce Inc (NASDAQ:NEGG), YETI Holdings, Inc. (NYSE:YETI), and Applied Digital Corporation (NASDAQ:APLD) also saw declines in pre-market trading.
May 20, 2024 | 10:43 am
News sentiment analysis
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NEGATIVE IMPACT
Applied Digital Corporation shares slipped 2.2% in pre-market trading after surging 13% on Friday.
APLD's slight decline in pre-market trading suggests a minor correction after a significant surge on Friday.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
DouYu International Holdings Limited shares declined 5.9% in pre-market trading.
DOYU's stock price decline in pre-market trading indicates a negative short-term impact.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Super Hi International Holding shares dropped 7.6% in pre-market trading after gaining 14% on Friday.
The significant drop in HDL's stock price in pre-market trading suggests a correction after a substantial gain on Friday.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Li Auto Inc. reported weak Q1 results, missing both EPS and sales estimates, leading to a 4.4% drop in pre-market trading.
Li Auto's significant miss on both EPS and sales estimates has led to a sharp decline in its stock price in pre-market trading. This indicates a negative short-term impact on the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Newegg Commerce Inc shares declined 3.9% in pre-market trading after dipping 8% on Friday.
NEGG's continued decline in stock price suggests ongoing negative sentiment, leading to a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
ATRenew Inc. shares fell 5.3% in pre-market trading after reporting weak quarterly earnings.
RERE's weak quarterly earnings report has led to a significant decline in its stock price in pre-market trading, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
YETI Holdings, Inc. shares slipped 3.8% in pre-market trading despite posting better-than-expected Q1 results.
Despite strong Q1 results, YETI's stock price decline in pre-market trading suggests profit-taking or other market factors leading to a short-term negative impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70