Nvidia (NVDA) is set to release its earnings after the market close on Wednesday, and Fed Chair Jerome Powell will give a speech on Friday morning. Meanwhile, five stocks have experienced a significant dip in shareholder value today. SOS Ltd. (NYSE: SOS), a leading provider of data mining and analysis services in the People’s Republic of China, saw its stock fall by 31.40%. No specific news was released leading to the price drop. SOS Ltd. provides marketing data, technology, and solutions for insurance companies, along with emergency rescue services and health care information portals. Dick’s Sporting Goods Inc. (NYSE: DKS) reported a 23% decrease in profits across its 700+ stores nationwide, despite a 3.6% rise in sales. The dip in profitability was pinned on the inability to effectively manage inventory shrinkage. AMC Entertainment Holdings Inc. (NYSE: AMC) experienced a 20.03% plunge in its stock price in anticipation of a planned share conversion. This has raised alarm bells regarding AMC’s financial stability and potential future performance. Motorsport Games Inc. (NASDAQ: MSGM) reported a net loss of $8.2 million, or $3.02 per share, a slight increase compared to the second quarter of 2022. The company also reported an Adjusted EBITDA loss of $2.7 million for Q3 2023. Sacks Parente Golf Inc. (NASDAQ: SPGC) saw its stock surge 624% after its initial public offering, but quickly fell, closing the week solidly below its initial offering price of $4. The stock suffered an 85% plunge last Wednesday and had tumbled below the IPO price by Thursday. By Friday, Sacks Parente Golf stock had melted further to close the week at just $2.51.
| Information |
Details |
| Geography |
North America |
| Countries |
🇨🇳 🇺🇸 |
| Sentiment |
negative |
| Relevance Score |
7 |
| People |
Jerome Powell, Dick’s Sporting Goods Inc., AMC Entertainment Holdings Inc., Motorsport Games Inc., Sacks Parente Golf Inc. |
| Companies |
SOS Ltd., Dick’s Sporting Goods Inc., AMC Entertainment Holdings Inc., Motorsport Games Inc., Sacks Parente Golf Inc. |
| Currencies |
None |
| Securities |
SOS Ltd. (NYSE:SOS), Dick’s Sporting Goods Inc. (NYSE:DKS), AMC Entertainment Holdings Inc. (NYSE:AMC), Motorsport Games Inc. (NASDAQ:MSGM), Sacks Parente Golf Inc. (NASDAQ:SPGC) |
