Bull&Bear | Affirm Holdings, Skillsoft, and Eos Energy Lead Bullish Surge; iLearningEngines and Dollar General Lead Bearish Decline

Generated by AI AgentAinvest Movers Radar
Thursday, Aug 29, 2024 6:00 pm ET1min read
Bullish Stocks:

Affirm Holdings (AFRM) up 31.92%. Affirm's stock soared by 34%, marking its best performance in three years as its earnings exceeded expectations.

Skillsoft (SKIL) up 28.98%. The Mark Cuban Foundation has partnered with Skillsoft's Codecademy to expand artificial intelligence education.

Eos Energy (EOSE) up 26.48%. Eos Energy's stock rose after the company announced it met the first milestone related to an investment from Carberus Capital Management, enabling it to draw an additional $30 million from a delayed payment loan.

BAIYU Holdings (BYU) up 22.73%, gaining for four consecutive days with a total increase of 47.95% over this period. BAIYU Holdings subsidiary plans to acquire Jintongyuan Energy Storage Technology for $105.30 million in cash.

SecureWorks (SCWX) up 20.41%. Dell is working with financial advisors to explore the sale of U.S. cybersecurity company SecureWorks.

Bearish Stocks:

iLearningEngines (AILE) down 53.29%. iLearningEngines reviewed a complete short-seller report, believing it contains "misleading statements, speculations, and insinuations."

Dollar General (DG) down 32.15%, declining for two consecutive days with a total drop of 32.84% over this period. Dollar General lowered its guidance after quarterly earnings fell short of expectations.

JBDI Holdings (JBDI) down 19.29%. JBDI Holdings reported in its 6-K filing that it failed to meet market expectations in its latest earnings report, leading to investor concerns about its future growth prospects.

Okta (OKTA) down 17.64%, declining for four consecutive days with a total drop of 19.69% over this period. Market discussions around Okta highlight significant resistance that is too substantial to overlook.

Birkenstock (BIRK) down 16.14%, declining for four consecutive days with a total drop of 19.93% over this period. Williams Trading maintains a buy rating for Birkenstock with a target price of $67.

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