UiPath, Salesforce, Nutanix And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Several major stocks, including UiPath, Salesforce, and Nutanix, are experiencing significant declines in Thursday's pre-market session. UiPath shares fell sharply after reporting earnings and announcing a CEO transition. Salesforce shares declined despite upbeat earnings due to weak guidance. Nutanix, American Eagle Outfitters, Fitell Corporation, nCino, Sasol Limited, and ServiceNow also saw notable pre-market losses.
May 30, 2024 | 9:48 am
News sentiment analysis
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NEGATIVE IMPACT
American Eagle Outfitters shares fell 8.5% in pre-market trading following first-quarter results.
The drop in American Eagle Outfitters' stock price is a reaction to their first-quarter results.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Salesforce shares declined 15.6% in pre-market trading despite reporting upbeat earnings, due to weak guidance for the second quarter.
Salesforce's stock decline is driven by weak guidance for the next quarter, overshadowing the positive earnings report.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Fitell Corporation shares declined 7.1% in pre-market trading.
Fitell Corporation's stock decline is noted without specific earnings or guidance details.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100
NEGATIVE IMPACT
nCino shares fell 7% in pre-market trading following soft second-quarter guidance.
The decline in nCino's stock price is due to the issuance of soft guidance for the second quarter.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
ServiceNow shares fell 4.4% in pre-market trading.
ServiceNow's stock decline is noted without specific earnings or guidance details.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100
NEGATIVE IMPACT
Nutanix shares tumbled 10.2% in pre-market trading after reporting quarterly earnings.
The decline in Nutanix's stock price is likely due to investor reaction to the quarterly earnings report.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
UiPath shares fell 29.5% in pre-market trading after reporting better-than-expected earnings and announcing a CEO transition.
The significant drop in UiPath's stock price is due to the CEO transition announcement, which often creates uncertainty, despite the company beating earnings estimates.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Sasol Limited shares fell 5.8% in pre-market trading.
Sasol Limited's stock decline is noted without specific earnings or guidance details.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100