Market-Moving News for August 7th
Portfolio Pulse from Benzinga Newsdesk
Market-Moving News for August 7th: Lumen Technologies (LUMN) shares surged 59% after better-than-expected Q2 revenue results and an upgrade from Goldman Sachs. Upstart Holdings (UPST) shares rose 26% following strong Q2 financial results and positive Q3 revenue guidance. Shopify (SHOP) shares increased 20% despite mixed Q2 results.
August 07, 2024 | 12:32 pm
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POSITIVE IMPACT
Lumen Technologies shares surged 59% after reporting better-than-expected Q2 revenue results. Goldman Sachs upgraded the stock from Sell to Neutral and raised its price target from $1 to $4.
The significant increase in Lumen Technologies' stock price is driven by better-than-expected Q2 revenue results and a positive upgrade from Goldman Sachs, which raised its price target from $1 to $4.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Shopify shares increased 20% despite mixed Q2 results, with GAAP EPS beating estimates but sales slightly missing expectations.
Shopify's stock price rose despite mixed Q2 results, as the market reacted positively to the GAAP EPS beating estimates, even though sales slightly missed expectations.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Upstart Holdings shares rose 26% after the company reported better-than-expected Q2 financial results and issued Q3 revenue guidance above estimates.
Upstart Holdings' stock price increased significantly due to strong Q2 financial results and optimistic Q3 revenue guidance, indicating positive future performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100