Estée Lauder, Robinhood, eBay And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Several major stocks, including Estée Lauder, Robinhood, and eBay, are experiencing significant declines in pre-market trading. Estée Lauder's shares fell 17% after withdrawing FY25 guidance due to uncertainties in China and leadership changes. Other companies like Aurora Innovation, Roku, and Monolithic Power Systems also reported losses following earnings results.
October 31, 2024 | 1:18 pm
News sentiment analysis
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NEGATIVE IMPACT
Aurora Innovation shares dipped 15.3% after reporting a wider-than-expected quarterly loss.
The wider-than-expected loss suggests financial challenges, leading to a negative market reaction and a significant drop in share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
COMPASS Pathways shares declined 9.7% following third-quarter results.
The decline in share price suggests that the third-quarter results did not meet market expectations, leading to a sell-off.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
eBay shares declined 8.9% after issuing FY24 revenue guidance below estimates.
The lower-than-expected revenue guidance for FY24 has led to a negative market reaction, resulting in a decline in eBay's share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Estée Lauder's shares fell 17% after the company withdrew its FY25 guidance, citing uncertainties in China and leadership changes.
The withdrawal of FY25 guidance is a significant negative signal for investors, indicating potential challenges in key markets and internal leadership issues, leading to a sharp decline in stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Robinhood shares dipped 10.8% after reporting third-quarter sales below estimates.
The lower-than-expected sales figures have led to a negative market reaction, causing a significant decline in Robinhood's share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Monolithic Power Systems shares fell 11.4% after third-quarter results.
The market's negative reaction to the third-quarter results suggests that the performance did not meet investor expectations, resulting in a drop in share price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Universal Display shares dipped 9% after reporting worse-than-expected third-quarter revenue results.
The worse-than-expected revenue results have led to a negative market reaction, causing a decline in Universal Display's share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Roku shares declined 15.2% following the release of third-quarter results.
The decline in share price indicates investor disappointment with the third-quarter results, leading to a significant sell-off.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80