Vanda Pharmaceuticals And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Several major stocks are moving lower in Thursday's pre-market session. Vanda Pharmaceuticals (VNDA) fell 6% after rejecting unsolicited takeover bids. Trump Media & Technology Group (DJT) dipped 7.7% following SEC actions. Super Hi International (HDL), Ocugen (OCGN), Qiagen (QGEN), STMicroelectronics (STM), SolarEdge Technologies (SEDG), and Arcutis Biotherapeutics (ARQT) also saw declines.
June 20, 2024 | 9:29 am
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NEGATIVE IMPACT
Arcutis Biotherapeutics shares fell 3.1% to $7.90 in pre-market trading.
Arcutis Biotherapeutics shares fell 3.1% in pre-market trading, indicating a general negative sentiment.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
Trump Media & Technology Group shares dipped 7.7% to $28.89 in pre-market trading after SEC declared effectiveness of the registration statement on Form S-1.
The SEC's declaration of the effectiveness of the registration statement on Form S-1 has led to a negative market reaction, causing a 7.7% drop in pre-market trading.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Super Hi International shares fell 4.6% to $16.49 in pre-market trading after posting a first-quarter loss of 1 cent per share.
The first-quarter loss of 1 cent per share has led to a negative market reaction, causing a 4.6% drop in pre-market trading.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Ocugen shares fell 4.4% to $1.32 in pre-market trading after gaining 3% on Tuesday.
Despite a 3% gain on Tuesday, Ocugen shares fell 4.4% in pre-market trading, indicating a potential correction.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Qiagen shares fell 4.3% to $41.87 in pre-market trading after reporting quarterly results and announcing a growth strategy.
The market reacted negatively to Qiagen's quarterly results and growth strategy announcement, causing a 4.3% drop in pre-market trading.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
SolarEdge Technologies shares slipped 3.2% to $35.87 in pre-market trading after announcing the German launch of its high-power SolarEdge TerraMax™ Inverter.
The announcement of the German launch of its high-power SolarEdge TerraMax™ Inverter did not prevent a 3.2% decline in pre-market trading.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
STMicroelectronics shares declined 4.2% to $41.29 in pre-market trading despite a recent upgrade from Goldman Sachs.
Despite a recent upgrade from Goldman Sachs, STMicroelectronics shares declined 4.2% in pre-market trading, indicating market skepticism.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Vanda Pharmaceuticals shares fell 6% to $5.96 in pre-market trading after rejecting unsolicited takeover bids, citing undervaluation.
The rejection of takeover bids, citing undervaluation, has led to a negative market reaction, causing a 6% drop in pre-market trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100