Western Digital, Udemy, Teladoc Health And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Several major stocks, including Western Digital, Udemy, and Teladoc Health, experienced significant declines in Thursday's pre-market trading session following the release of their quarterly financial results. Western Digital, despite beating earnings and sales estimates, saw a 6.5% drop. Other notable declines include Alphatec Holdings, Udemy, Teladoc Health, Tenable Holdings, Standard Biotools, Confluent, Arm Holdings, and HSBC Holdings.
August 01, 2024 | 10:00 am
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NEGATIVE IMPACT
Arm Holdings shares fell 9.6% to $130.28 in pre-market trading following weak second-quarter guidance.
Weak second-quarter guidance led to a significant decline in Arm Holdings' share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Alphatec Holdings shares declined 18.9% to $8.19 in pre-market trading after reporting second-quarter results.
The significant decline suggests that the market was disappointed with the second-quarter results.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Confluent shares declined 11.1% to $22.24 in pre-market trading after reporting second-quarter results and issuing weak third-quarter EPS guidance.
The combination of second-quarter results and weak third-quarter EPS guidance led to a significant drop in Confluent's share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
HSBC Holdings shares fell 4.7% to $43.02 in pre-market trading.
The decline in HSBC Holdings' share price may be influenced by broader market trends or specific company news not detailed in the article.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Standard Biotools shares dipped 12.9% to $1.95 in pre-market trading after posting weak second-quarter results.
Weak second-quarter results led to a significant decline in Standard Biotools' share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Teladoc Health shares declined 16.3% to $7.89 in pre-market trading following weak quarterly sales results.
Weak sales results led to a significant decline in Teladoc Health's share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tenable Holdings shares fell 14% to $39.51 in pre-market trading after reporting second-quarter financial results.
The market reacted negatively to Tenable Holdings' second-quarter financial results, leading to a significant drop in share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Udemy shares fell 16.7% to $7.70 in pre-market trading after reporting mixed second-quarter financial results.
The mixed financial results led to a significant drop in share price, indicating investor disappointment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Western Digital reported strong Q4 earnings and sales, beating analyst estimates, but shares fell 6.5% in pre-market trading.
Despite strong financial performance, the market reaction was negative, possibly due to profit-taking or other underlying concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100