AMC Networks, Louisiana-Pacific And Other Big Stocks Moving Lower In Monday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Several major stocks, including AMC Networks, Louisiana-Pacific, and others, are experiencing declines in Monday's pre-market session. AMC Networks fell sharply due to a private offering of convertible senior notes, while Louisiana-Pacific was downgraded by Goldman Sachs.
June 17, 2024 | 11:41 am
News sentiment analysis
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NEGATIVE IMPACT
Absci Corporation shares declined 5.8% to $3.75 in pre-market trading after a 9% decline on Friday.
The continued decline suggests ongoing negative sentiment or issues affecting the stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
ABIVAX Société Anonyme shares declined 5.2% to $12.88 in pre-market trading.
The significant drop in pre-market trading suggests negative sentiment or news impacting the stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
AMC Networks shares fell 9.4% to $14.24 in pre-market trading after announcing a private offering of $125 million of convertible senior notes.
The announcement of a private offering of convertible senior notes typically dilutes existing shareholders, leading to a decline in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Evotec SE shares fell 7.7% to $4.20 in pre-market trading.
The significant drop in pre-market trading suggests negative sentiment or news impacting the stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Absci Corporation shares fell 5.5% to $4.16 in pre-market trading.
The significant drop in pre-market trading suggests negative sentiment or news impacting the stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Humacyte, Inc. shares fell 5.7% to $6.65 in pre-market trading.
The significant drop in pre-market trading suggests negative sentiment or news impacting the stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Infinera Corp shares fell 4.4% to $5.00 in pre-market trading.
The significant drop in pre-market trading suggests negative sentiment or news impacting the stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Louisiana-Pacific shares fell 3% to $89.35 in pre-market trading after Goldman Sachs downgraded the stock from Neutral to Sell and lowered the price target from $89 to $81.
A downgrade from a major analyst like Goldman Sachs can negatively impact investor sentiment, leading to a decline in stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Larimar Therapeutics, Inc. shares fell 4% to $9.02 in pre-market trading.
The significant drop in pre-market trading suggests negative sentiment or news impacting the stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80