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

AInvestThursday, Aug 29, 2024 6:00 pm ET
1min 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.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.