Why Domino's Pizza Shares Are Trading Lower By Over 11%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
Portfolio Pulse from Avi Kapoor
Domino's Pizza shares fell over 11% after reporting mixed quarterly results, missing sales estimates and suspending its guidance on global net store growth. Other notable stock movements include significant gains for Onconetix, Silo Pharma, and Chuy's Holdings, and sharp declines for Agenus, Leslie's, and Alaunos Therapeutics.
July 18, 2024 | 5:19 pm
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POSITIVE IMPACT
Chuy's Holdings shares rose 47.6% after announcing that Darden Restaurants will acquire the company.
The acquisition by Darden Restaurants is a significant event, leading to a sharp increase in Chuy's Holdings' share price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Onconetix shares surged 97.6% after the company announced the closing of a warrant exercise for $1.11 million in gross proceeds.
The substantial increase in share price is driven by the positive financial news of closing a warrant exercise, which boosts investor confidence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Silo Pharma shares jumped 71.6% after entering into a Device and CMC Development Master Plan with Resyca BV.
The partnership with Resyca BV is seen as a positive development, leading to a significant increase in share price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Agenus shares fell 52.7% after the FDA discouraged an accelerated approval pathway at the end-of-Phase 2 meeting.
The FDA's discouragement of an accelerated approval pathway is a major setback, leading to a significant drop in share price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
NEGATIVE IMPACT
Domino's Pizza shares fell 11.2% after the company reported mixed quarterly results, missing sales estimates and suspending its guidance on global net store growth.
The significant drop in share price is due to the company's failure to meet sales estimates and the suspension of its guidance on global net store growth, which are critical metrics for investors.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Leslie's shares fell 30.7% after reporting preliminary financial results for the third quarter and cutting its full-year guidance.
The disappointing preliminary financial results and reduced full-year guidance have led to a sharp decline in share price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 70
NEGATIVE IMPACT
Alaunos Therapeutics shares fell 26% after announcing a reverse stock split of 1-for-10.
The reverse stock split announcement has negatively impacted investor sentiment, leading to a significant drop in share price.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 60