Small Cap US Stocks with Positive and Negative News Sentiment on May 24, 2023
On May 24, 2023, a number of small cap US stocks appeared in the news, with some receiving positive news and others receiving negative news.
Positive Sentiment
- Ayro Inc. (AYRO) received a $10 million investment from NextGen Acquisition Corp. II (NGAC). This investment will help AYRO accelerate the development of its eVTOL aircraft and bring them to market.
- Copper Mountain Mining Corp. (CPPMF) received a positive preliminary economic assessment (PEA) for its Twin Creeks copper project in Nevada. The PEA showed that the project is economically viable and could produce up to 100,000 tonnes of copper per year.
- Enphase Energy Inc. (ENPH) was named to the Forbes 2023 Cloud 100 list. The Cloud 100 list is a ranking of the top 100 private cloud companies in the world.
Negative Sentiment
- Amarin Corporation plc (AMRN) had its drug Vascepa denied coverage by the Centers for Medicare & Medicaid Services (CMS). This could have a significant impact on AMRN’s revenue, as Vascepa is one of the company’s top-selling drugs.
- Blink Charging Co. (BLNK)‘s CEO Michael Farkas was arrested on fraud charges. Farkas is accused of making false statements to investors about BLNK’s financial performance.
- Westport Fuel Systems Inc. (WPRT)‘s stock was downgraded by analysts at Craig-Hallum Capital Group. The analysts lowered their rating on WPRT’s stock to “Hold” from “Buy.”
It is important to note that these are just a few examples of the small cap US stocks that appeared in the news on May 24, 2023. The sentiment of the news articles may change over time, and the impact on the stock price may not be as significant as it appears at this time.
Title: Small Cap US Stocks with Positive and Negative News Sentiment on May 24, 2023