Analysis of Recent News-Based Moves: August 15, 2024

In the fast-paced world of financial markets, news-driven moves can significantly impact stock prices, often creating both opportunities and risks for traders and investors. On August 15, 2024, several key events and announcements sent ripples through the markets, leading to notable price movements in various stocks. In this blog, we'll analyze some of the most significant news-based moves of the day, exploring the underlying causes and potential implications for the future.

1) ASTS

max gain 61% first satellite launch earnings were negative

https://finance.yahoo.com/m/8c400e1f-4235-332f-8c7f-01bd18450d77/ast-spacemobile-shares-soar.html

2) LUMN

max gain 208% AI and secures 5 bil in funds
https://www.prnewswire.com/news-releases/ai-demand-drives-5-billion-in-new-business-and-massive-expansion-of-the-internet-302214737.html

3) GNLN

max gain 763% New tech drug test safety strip

https://www.accesswire.com/899230/greenlane-announces-non-binding-letter-of-intent-to-be-the-exclusive-distributor-in-the-us-of-safety-strips-incs-fentanyl-xylazine-and-drink-spike-detection-test-strips

4) INSP

max gain 32% $52  AI, secure 5 bill in new business  328% surprise earnings

https://finance.yahoo.com/video/lumen-secures-5b-business-amid-200253232.html

5) HROW

max gain 79% earnings win not big win

https://www.businesswire.com/news/home/20240807453796/en/

6) HRTG

max gain 95% earnings one day delayed earnings mover
https://finance.yahoo.com/news/heritage-insurance-hrtg-q2-earnings-233011061.html

7) LWAY

max gain 70% Leadership change

https://www.prnewswire.com/news-releases/edward-and-ludmila-smolyansky-file-consent-statement-to-change-leadership-at-lifeway-foods-nasdaq-lway-302221114.html

8) SWIM

max gain 98% Aquisition

https://finance.yahoo.com/news/latham-group-acquires-coverstar-central-200500545.html

Most of these stocks were under 50 dollars and were news based. Some were based on earnings and a growing business / money received. They usually have a huge volume spike on the first day and don't look back. So if you want to catch these moves look for great news, huge volume and a explosive first day move.