Smith & Wesson Brands, Abacus Life And Other Big Stocks Moving Lower In Friday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Several major stocks, including Smith & Wesson Brands, Abacus Life, and others, are experiencing declines in Friday's pre-market session. Despite Smith & Wesson beating earnings and sales estimates, its shares fell 4%. Other notable declines include Molecular Partners, NANO Nuclear Energy, VinFast Auto, Bitdeer Technologies, Abacus Life, TeraWulf, Iris Energy, and GameStop.
June 21, 2024 | 9:42 am
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NEGATIVE IMPACT
Abacus Life shares declined 5.2% in pre-market trading as the company priced an $80 million public offering.
The decline is likely due to dilution concerns from the public offering.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
Bitdeer Technologies shares fell 5.3% in pre-market trading after gaining over 8% on Thursday.
The decline is likely due to profit-taking following the previous day's gain.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
GameStop shares fell 2.6% in pre-market trading after gaining around 4% on Thursday.
The decline is likely due to profit-taking following the previous day's gain.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Iris Energy shares slipped 4.3% in pre-market trading.
The decline may be part of a broader market trend or specific investor concerns.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Molecular Partners shares tumbled 12.7% in pre-market trading after a significant gain of over 38% on Thursday.
The sharp decline likely reflects profit-taking after the previous day's significant gain.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NANO Nuclear Energy shares dipped 9.7% in pre-market trading after a 31% surge on Thursday.
The decline is likely due to profit-taking following the previous day's substantial gain.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Smith & Wesson Brands reported better-than-expected earnings and sales but saw a 4% decline in pre-market trading.
Despite positive earnings and sales results, the 4% decline suggests investor concerns or profit-taking.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
VinFast Auto shares declined 7.9% in pre-market trading after gaining 10% on Thursday.
The drop is likely due to profit-taking after the previous day's gain.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
TeraWulf shares fell 4.5% in pre-market trading.
The decline may be part of a broader market trend or specific investor concerns.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70