JetBlue Airways, B. Riley Financial, Hawaiian Electric And Other Big Stocks Moving Lower In Monday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Several major stocks, including JetBlue Airways, B. Riley Financial, and Hawaiian Electric, are experiencing significant declines in Monday's pre-market trading. JetBlue's drop follows a $400 million convertible senior notes offering, while B. Riley Financial and Hawaiian Electric are down due to weak financial results.
August 12, 2024 | 12:20 pm
News sentiment analysis
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NEGATIVE IMPACT
iLearningEngines shares declined 25.8% to $4.29 in pre-market trading ahead of its second-quarter financial results announcement.
The significant decline suggests investor concerns about the upcoming financial results.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Fortrea Holdings shares fell 6.5% to $23.53 in pre-market trading after posting downbeat second-quarter results and lowering FY24 revenue guidance.
The negative market reaction is due to disappointing second-quarter results and lowered revenue guidance for FY24.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Hawaiian Electric shares dipped 7.7% to $14.28 in pre-market trading after reporting weak second-quarter earnings.
The decline is attributed to weak second-quarter earnings, which likely disappointed investors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
JetBlue Airways shares fell 5.6% to $5.71 in pre-market trading after announcing a $400 million convertible senior notes offering.
The announcement of a $400 million convertible senior notes offering is likely seen as a dilution of existing shares, leading to a negative market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Marathon Digital Holdings shares fell 3.5% to $16.44 in pre-market trading after announcing a proposed private offering of $250 million of convertible senior notes.
The announcement of a $250 million convertible senior notes offering is likely seen as a dilution of existing shares, leading to a negative market reaction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Pacira BioSciences shares fell 4.4% to $11.18 in pre-market trading after JP Morgan downgraded the stock from Overweight to Underweight and lowered the price target.
The downgrade by JP Morgan and the lowered price target have negatively impacted the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
Pagaya Technologies shares declined 6% to $13.37 in pre-market trading after reporting second-quarter results on Friday.
The decline is likely due to investor reaction to the second-quarter results reported on Friday.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
B. Riley Financial shares fell 25% to $12.70 in pre-market trading after reporting preliminary second-quarter financial results.
The sharp decline is due to disappointing preliminary second-quarter financial results.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100