Leslie's Issues Preliminary Financial Results, Joins Beyond Meat, Domino's And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Leslie's, Inc. (LESL) issued preliminary Q3 financial results below estimates and cut its FY24 guidance, causing shares to fall 22.6% in pre-market trading. Beyond Meat (BYND) shares dropped 11.7% due to liquidity concerns. Domino's Pizza (DPZ) shares declined 9.1% after mixed Q2 results. Other stocks like Stardust Power (SDST), ADMA Biologics (ADMA), Foot Locker (FL), Nokia (NOK), agilon health (AGL), and SunPower (SPWR) also saw pre-market losses.
July 18, 2024 | 12:22 pm
News sentiment analysis
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NEGATIVE IMPACT
ADMA Biologics shares declined 7.1% in pre-market trading following a 3% drop in the previous session.
The continued decline in ADMA Biologics' share price suggests ongoing negative sentiment or issues affecting the company.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
agilon health shares fell 4.8% in pre-market trading after appointing a new Chief Medical Officer.
The decline in agilon health's share price may be due to uncertainty or investor reaction to the appointment of a new Chief Medical Officer.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Beyond Meat shares fell 11.7% in pre-market trading following a report suggesting weakened liquidity and debt discussions with bondholders.
The decline in Beyond Meat's share price is driven by concerns over the company's liquidity and ongoing debt discussions, which could indicate financial instability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Domino's Pizza shares declined 9.1% in pre-market trading after reporting mixed second-quarter results.
The mixed Q2 results have led to a decline in Domino's Pizza's share price, reflecting investor disappointment and uncertainty about the company's performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Foot Locker shares declined 5.3% in pre-market trading after a downgrade from Morgan Stanley.
The downgrade from Morgan Stanley has negatively impacted Foot Locker's share price, reflecting reduced investor confidence.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
Leslie's, Inc. shares fell 22.6% in pre-market trading after issuing preliminary Q3 financial results below estimates and cutting FY24 guidance.
The significant drop in Leslie's share price is due to the company's preliminary Q3 results missing estimates and a substantial cut in FY24 guidance, indicating potential financial struggles.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Nokia shares fell 5.1% in pre-market trading following second-quarter results.
The decline in Nokia's share price is a reaction to the company's second-quarter results, which may have disappointed investors.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Stardust Power shares fell 8.1% in pre-market trading after a significant jump of around 145% on Wednesday.
The decline in Stardust Power's share price is likely a correction following an unusually large increase the previous day, indicating volatility.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
SunPower shares slipped 4.4% in pre-market trading after falling over 6% on Wednesday.
The continued decline in SunPower's share price suggests ongoing negative sentiment or issues affecting the company.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70