AutoNation, Baxter International And Other Big Stocks Moving Lower In Monday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Several major stocks, including AutoNation, Baxter International, and others, are experiencing declines in Monday's pre-market session. AutoNation's drop is attributed to a cyber incident at CDK Global affecting its Q2 profit. Baxter International's decline follows a downgrade by Morgan Stanley.
July 15, 2024 | 12:14 pm
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NEGATIVE IMPACT
AutoNation shares fell 6.1% to $160.01 in pre-market trading due to a cyber incident at CDK Global impacting its Q2 profit by $1.50 per share.
The cyber incident at CDK Global directly impacts AutoNation's Q2 profit, leading to a significant drop in its share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Baxter International shares fell 2.3% to $34.50 in pre-market trading after Morgan Stanley downgraded the stock from Equal-Weight to Underweight and lowered its price target from $39 to $30.
Morgan Stanley's downgrade and lowered price target negatively impact investor sentiment, causing a decline in Baxter's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Enphase Energy shares fell 5.5% to $112.77 in pre-market trading.
The decline in Enphase Energy's share price may be influenced by broader market trends or sector-specific factors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Graphjet Technology shares declined 8.9% to $4.40 in pre-market trading after gaining over 12% on Friday.
The decline in Graphjet Technology's share price follows a significant gain on Friday, likely due to profit-taking by investors.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Logistic Properties of the Americas shares dipped 16.8% to $15.30 in pre-market trading after surging 88% on Friday.
The sharp decline in Logistic Properties' share price is likely due to profit-taking following a massive surge on Friday.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Sunnova Energy International shares declined 6.5% to $7.18 in pre-market trading. The company is expected to release its Q2 results after the closing bell on July 31.
The decline in Sunnova Energy's share price may be due to investor caution ahead of the Q2 results release.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Oculis Holding shares fell 12.1% to $10.00 in pre-market trading.
The decline in Oculis Holding's share price may be influenced by broader market trends or sector-specific factors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Ribbon Communications shares slipped 5.7% to $3.50 in pre-market trading. The company is scheduled to report Q2 financial results on July 24.
The decline in Ribbon Communications' share price may be due to investor caution ahead of the Q2 financial results release.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Sunrun shares fell 6.2% to $16.14 in pre-market trading after gaining around 7% on Friday.
The decline in Sunrun's share price follows a significant gain on Friday, likely due to profit-taking by investors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
SolarEdge Technologies shares fell 7.1% to $29.39 in pre-market trading after gaining more than 5% on Friday.
The decline in SolarEdge Technologies' share price follows a significant gain on Friday, likely due to profit-taking by investors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
SunPower Corporation shares dipped 7.4% to $2.49 in pre-market trading after gaining around 6% on Friday.
The decline in SunPower's share price follows a significant gain on Friday, likely due to profit-taking by investors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Uranium Royalty Corp shares declined 5.7% to $2.48 in pre-market trading.
The decline in Uranium Royalty Corp's share price may be influenced by broader market trends or sector-specific factors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
UTime Limited shares declined 7.9% to $0.9950 in pre-market trading after surging 8% on Friday.
The decline in UTime Limited's share price follows a significant gain on Friday, likely due to profit-taking by investors.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50