Baidu, XPeng And Other Big Stocks Moving Lower In Monday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Several major stocks, including Baidu, XPeng, and others, experienced declines in Monday's pre-market session. Baidu's shares fell 2.6% due to unimpressive Chinese stimulus measures, while XPeng, Pacific Biosciences, Genfit, Melco Resorts, Canada Goose, UP Fintech, and AppLovin also saw notable drops.
October 14, 2024 | 12:58 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
AppLovin shares fell 3.7% in pre-market trading.
AppLovin's stock decline is consistent with the overall market trend of falling stock prices in the pre-market session.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Baidu shares fell 2.6% in pre-market trading due to disappointing Chinese stimulus measures.
Baidu's stock is directly affected by the lack of positive market reaction to China's stimulus measures, leading to a 2.6% drop in pre-market trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Genfit shares fell 6.1% in pre-market trading after a 10% gain on Friday.
Genfit's stock decline is likely due to profit-taking after a significant gain on Friday, leading to a 6.1% drop in pre-market trading.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Canada Goose shares fell 4.1% in pre-market trading.
Canada Goose's stock is experiencing a decline in line with other stocks in the pre-market session.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Melco Resorts shares fell 4.6% in pre-market trading.
Melco Resorts' stock decline is part of a broader trend of falling stock prices in the pre-market session.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Pacific Biosciences shares declined 6.6% in pre-market trading after a significant gain on Friday.
The decline in Pacific Biosciences' stock is likely a correction following a 28% jump on Friday, indicating profit-taking by investors.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
UP Fintech shares slipped 4% in pre-market trading.
UP Fintech's stock is part of the broader market trend of declining prices in the pre-market session.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
XPeng shares fell 5.2% in pre-market trading amid broader declines in U.S.-listed Chinese stocks.
XPeng's stock is affected by the overall negative sentiment towards U.S.-listed Chinese stocks, resulting in a 5.2% decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100