Medium Cap U.S. Stocks with Positive and Negative News on July 2, 2023

On July 2, 2023, there were a number of medium cap U.S. stocks that appeared in the news, with some having positive sentiment and others having negative sentiment.

Positive Sentiment

  • Arlo Technologies (ARLO): The company reported strong earnings for the first quarter of 2023, beating analyst expectations on both the top and bottom lines. This news was well-received by investors, and the stock price rose by over 10% on the day.
  • Cirrus Logic (CRUS): The company was upgraded to “buy” from “hold” at Needham & Company, with the analyst citing strong demand for the company’s chips in the automotive and consumer electronics markets. This news also boosted the stock price, which rose by over 5% on the day.
  • Microchip Technology (MCHP): The company was awarded a $1 billion contract from the U.S. Department of Defense to supply semiconductors for the military. This news was seen as a positive sign for the company’s future growth, and the stock price rose by over 3% on the day.

Negative Sentiment

  • Atara Biotherapeutics (ATRA): The company’s Phase 2b clinical trial of its lead drug, AT-101, for the treatment of multiple sclerosis failed to meet its primary endpoint. This news was a major disappointment for investors, and the stock price fell by over 30% on the day.
  • Evolent Health (EVH): The company’s CEO, Frank Williams, stepped down after the company’s stock price fell sharply following its earnings report. This news was seen as a sign of trouble for the company, and the stock price fell by over 20% on the day.
  • Verint Systems (VRNT): The company’s guidance for the second quarter of 2023 was below analyst expectations. This news was seen as a sign of weakness for the company, and the stock price fell by over 15% on the day.

It is important to note that these are just a few examples of the medium cap U.S. stocks that appeared in the news on July 2, 2023. The sentiment of the news articles may change over time, and the impact on the stock price may vary depending on the individual investor’s risk tolerance and investment goals.

Title: Medium Cap U.S. Stocks with Positive and Negative News on July 2, 2023