Dave & Buster's Posts Downbeat Results, Joins J.Jill And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) reported disappointing Q1 results, leading to a 10.6% drop in pre-market trading. Other stocks experiencing losses include J.Jill, Inc. (NYSE:JILL), Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE), Virgin Galactic Holdings, Inc. (NYSE:SPCE), ZKH Group Limited (NYSE:ZKH), Jack in the Box Inc (NASDAQ:JACK), and Toyota Motor Corporation (NYSE:TM).
June 13, 2024 | 9:51 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Jack in the Box Inc shares declined 5% to $53.14 in pre-market trading after gaining over 3% on Wednesday.
The decline may be a correction following the previous day's gains.
CONFIDENCE 65
IMPORTANCE 30
RELEVANCE 40
NEGATIVE IMPACT
J.Jill, Inc. shares dipped 15.7% to $33.36 in pre-market trading after pricing its public offering of 2 million common stock at $31 per share.
The public offering at a price lower than the current market price has led to a significant drop in the stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Dave & Buster's Entertainment, Inc. reported Q1 earnings of $1.12 per share, missing the consensus estimate of $1.70. Sales were $588.1 million, below the expected $621.26 million. Comparable store sales decreased by 5.6%. Shares fell 10.6% in pre-market trading.
The significant miss on both earnings and sales, along with a decline in comparable store sales, has led to a sharp drop in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Ultragenyx Pharmaceutical Inc. shares declined 10.5% to $39.97 in pre-market trading after announcing a proposed public offering of common stock and pre-funded warrants.
The announcement of a public offering typically dilutes existing shares, leading to a decline in stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Virgin Galactic Holdings, Inc. shares declined 8.3% to $0.78 in pre-market trading after announcing a reverse stock split.
Reverse stock splits are often perceived negatively by investors, leading to a decline in stock price.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Toyota Motor Corporation shares fell 3% to $199.52 in pre-market trading.
The decline in Toyota's stock price may be influenced by broader market trends.
CONFIDENCE 60
IMPORTANCE 20
RELEVANCE 30
NEGATIVE IMPACT
ZKH Group Limited shares fell 6.4% to $5.37 in pre-market trading after dipping around 58% on Wednesday.
The continued decline in stock price suggests ongoing negative sentiment among investors.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50