Why Science Applications International Shares Are Trading Lower By 11%? Here Are Other Stocks Moving In Monday's Mid-Day Session
Portfolio Pulse from Avi Kapoor
Shares of Science Applications International Corporation (NASDAQ:SAIC) fell 11% following a 9% year-over-year revenue decline in Q1 2025, despite slightly beating revenue estimates and meeting EPS expectations. Other notable stock movements include Microbot Medical Inc. (NASDAQ:MBOT) jumping 92.5% after FDA approval for a clinical trial, and Bio-Path Holdings, Inc. (NASDAQ:BPTH) rising 75% following positive interim results from a Phase 2 study.
June 03, 2024 | 5:56 pm
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POSITIVE IMPACT
Bio-Path Holdings, Inc. (BPTH) shares jumped 75% after presenting positive interim results from a Phase 2 study for acute myeloid leukemia.
Positive interim results from a Phase 2 study are a strong indicator of potential future success, driving the stock price up significantly.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Microbot Medical Inc. (MBOT) shares surged 92.5% after receiving FDA approval to proceed with its pivotal human clinical trial.
FDA approval for a pivotal clinical trial is a significant milestone, leading to a substantial increase in the stock price.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 80
NEGATIVE IMPACT
Science Applications International Corporation (SAIC) shares fell 11% after reporting a 9% revenue decline in Q1 2025, despite slightly beating revenue estimates and meeting EPS expectations.
The significant revenue decline overshadowed the slight beat on revenue estimates and meeting EPS expectations, leading to a sharp drop in the stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100