CrossFirst Bankshares Posts Q2 Earnings, Joins Owens & Minor, Reddit And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
CrossFirst Bankshares, Inc. (CFB) reported Q2 earnings of 37 cents per share, leading to a 12.3% drop in pre-market trading. Other stocks experiencing losses include Applied Therapeutics, Inc. (APLT), Owens & Minor, Inc. (OMI), Trump Media & Technology Group Corp. (DJT), Anavex Life Sciences Corp. (AVXL), Indivior PLC (INDV), Funko, Inc. (FNKO), and Reddit, Inc. (RDDT).
July 16, 2024 | 12:15 pm
News sentiment analysis
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NEGATIVE IMPACT
Applied Therapeutics, Inc. fell 11.8% to $5.24 in pre-market trading after gaining 7% on Monday.
The sharp decline follows a significant gain, suggesting profit-taking or negative sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Anavex Life Sciences Corp. slipped 7% to $5.43 in pre-market trading after surging 8% on Monday.
The decline follows a significant gain, suggesting profit-taking or negative sentiment.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
CrossFirst Bankshares reported Q2 earnings of 37 cents per share, leading to a 12.3% drop in pre-market trading.
The significant drop in pre-market trading is directly tied to the Q2 earnings report, indicating investor disappointment.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Trump Media & Technology Group Corp. shares declined 8.8% to $37.03 in pre-market trading after a 31% jump on Monday.
The decline follows a significant surge, likely due to profit-taking or market correction.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Funko, Inc. shares fell 3.5% to $9.70 in pre-market trading.
The decline may be due to broader market trends or specific company issues.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
Indivior PLC shares fell 4.1% to $9.98 in pre-market trading following a 4% decline on Monday.
The continued decline suggests ongoing negative sentiment or unfavorable news.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Owens & Minor, Inc. dipped 10.6% to $12.35 in pre-market trading after Baird analyst Eric Coldwell maintained a Neutral rating and lowered the price target from $20 to $19.
The price target cut by a reputable analyst likely led to the significant drop in pre-market trading.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Reddit, Inc. shares declined 3.4% to $70.51 in pre-market trading after Loop Capital downgraded the stock from Buy to Hold.
The downgrade by Loop Capital likely led to the decline in pre-market trading.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80