Sherwin-Williams, Apple And Other Big Stocks Moving Lower In Monday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Several major stocks, including Sherwin-Williams and Apple, are experiencing declines in Monday's pre-market session. Sherwin-Williams was downgraded by Keybanc, leading to a 1.4% drop. Other stocks like Chanson International and Heritage Insurance also saw significant pre-market losses.
October 07, 2024 | 12:22 pm
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NEGATIVE IMPACT
Apple shares fell 1.3% in pre-market trading amid a broader market decline.
Apple's decline is part of a broader market trend, with the Dow futures down over 150 points. While not specific to Apple, the overall market sentiment is affecting its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Chanson International shares declined 12.2% in pre-market trading after a significant jump of 387% on Friday.
The sharp decline follows an extreme surge, indicating high volatility. Such movements can lead to profit-taking and corrections.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Evotec SE shares declined 3.5% in pre-market trading after a 2% gain on Friday.
The decline may be a correction following Friday's gain, reflecting typical market volatility.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Heritage Insurance shares dipped 6.9% in pre-market trading after a modest gain on Friday.
The decline may be a correction following Friday's gain, reflecting typical market volatility.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Mobileye Global shares fell 4.9% in pre-market trading after a 4% climb on Friday.
The decline could be due to profit-taking after Friday's gains, reflecting typical market volatility.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Stepan Company shares fell 6.4% in pre-market trading after a 1% gain on Friday.
The decline may be a market correction following Friday's gain, typical in volatile trading sessions.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Sherwin-Williams shares fell 1.4% in pre-market trading after a downgrade by Keybanc from Overweight to Sector Weight.
The downgrade by Keybanc is a significant factor for Sherwin-Williams, leading to a 1.4% drop in pre-market trading. Analyst ratings can heavily influence stock prices, especially when a stock is downgraded.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Sify Technologies shares fell 6.8% in pre-market trading after a 2% decline on Friday.
The continued decline suggests ongoing negative sentiment or external factors affecting the stock.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60