Medium Cap US Stocks with Positive and Negative News Sentiment on 23 May 2023

On 23 May 2023, there were a number of medium cap US stocks that appeared in the news, with both positive and negative sentiment. Here are some of the most notable stocks and the news that impacted their sentiment:

Positive Sentiment

  • Alector (ALEC): ALEC’s Phase 2 trial of AL001 for Alzheimer’s disease met its primary endpoint, showing a significant reduction in amyloid plaques. This could lead to FDA approval in the near future, which would have a positive impact on ALEC’s stock price.
  • Cypress Semiconductor (CY): Cypress announced that it has signed a definitive agreement to acquire Infineon Technologies’ automotive microcontroller business for $9.3 billion. This acquisition would give Cypress a major foothold in the automotive market, which is expected to grow significantly in the coming years.
  • Workday (WDAY): Workday reported strong earnings for the first quarter of fiscal 2023, beating analyst expectations. The company also raised its guidance for the full year. This news is likely to boost WDAY’s stock price in the near future.

Negative Sentiment

  • Atara Biotherapeutics (ATRA): Atara’s Phase 2 trial of AT-101 for atopic dermatitis failed to meet its primary endpoint. This could delay or derail the development of AT-101, which could have a negative impact on ATRA’s stock price.
  • Coherent, Inc. (COHR): Coherent announced that it is cutting its guidance for the full year due to supply chain disruptions. This news is likely to weigh on COHR’s stock price in the near future.
  • Intuitive Surgical (ISRG): Intuitive Surgical’s stock price has been under pressure in recent months due to concerns about competition from rival companies. This news is likely to continue to weigh on ISRG’s stock price in the near future.

It is important to note that these are just a few examples of the medium cap US stocks that appeared in the news on 23 May 2023. The overall sentiment of the news articles may not necessarily reflect the future stock price of these companies. Investors should do their own research before making any investment decisions.

Title: Medium Cap US Stocks with Positive and Negative News Sentiment on 23 May 2023