Scholastic Posts Downbeat Results, Joins Beyond Meat And Other Big Stocks Moving Lower In Friday Pre-Market Session
Portfolio Pulse from Avi Kapoor
Scholastic Corporation, CrowdStrike Holdings, SunPower Corporation, Plug Power Inc., HighPeak Energy, Autoliv Inc., Riley Exploration Permian, and Wipro Limited all experienced significant declines in pre-market trading due to various negative news, including poor earnings reports, operational issues, and public offerings.
July 19, 2024 | 12:21 pm
News sentiment analysis
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NEGATIVE IMPACT
Autoliv Inc.'s shares fell 9% in pre-market trading following downbeat quarterly results.
The downbeat quarterly results have led to a decline in Autoliv's stock price, indicating a negative short-term impact.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
CrowdStrike Holdings' shares tumbled 19.3% in pre-market trading due to a major outage impacting businesses globally.
The major outage affecting businesses worldwide has led to a significant drop in CrowdStrike's stock price, indicating a negative short-term impact.
CONFIDENCE 100
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
HighPeak Energy's shares dipped 10.2% in pre-market trading.
The decline in HighPeak Energy's stock price in pre-market trading suggests a negative short-term impact, though specific reasons were not detailed.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Plug Power Inc.'s shares declined 12% in pre-market trading after announcing a $200 million public offering of its common stock.
The announcement of a $200 million public offering has led to a decline in Plug Power's stock price, indicating a negative short-term impact.
CONFIDENCE 100
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Riley Exploration Permian's shares declined 7.4% in pre-market trading.
The decline in Riley Exploration Permian's stock price in pre-market trading suggests a negative short-term impact, though specific reasons were not detailed.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 100
NEGATIVE IMPACT
Scholastic Corporation's shares fell 11.9% in pre-market trading after reporting weaker-than-expected fourth-quarter results.
Scholastic's significant miss on both earnings and sales estimates led to a sharp decline in its stock price, indicating a negative short-term impact.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
SunPower Corporation's shares dipped 14.6% in pre-market trading following a significant operational pause and an analyst downgrade.
The operational pause and subsequent analyst downgrade have led to a sharp decline in SunPower's stock price, indicating a negative short-term impact.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Wipro Limited's shares fell 7.3% in pre-market trading following first-quarter results.
The first-quarter results have led to a decline in Wipro's stock price, indicating a negative short-term impact.
CONFIDENCE 100
IMPORTANCE 70
RELEVANCE 100