Small Cap U.S. Stocks with Positive and Negative News Sentiment on 14 May 2023

Small Cap U.S. Stocks with Positive and Negative News Sentiment on 14 May 2023

On 14 May 2023, there were several small cap U.S. stocks that appeared in the news, with some having positive sentiment and others having negative sentiment.

Positive Sentiment

• Arista Networks (ANET): This networking company reported strong quarterly earnings and revenue, beating analyst expectations. This news was well-received by investors, and ANET’s stock price rose by over 5% on the day.
• Cloudflare (NET): This cloud computing company announced a new partnership with Google Cloud. This news was seen as a positive development for Cloudflare, as it would give the company access to Google’s vast customer base. Cloudflare’s stock price rose by over 3% on the day.
• Rivian Automotive (RIVN): This electric vehicle company announced that it had received an order for 100,000 electric delivery vans from Amazon. This news was seen as a major coup for Rivian, as it would provide the company with a significant source of revenue. Rivian’s stock price rose by over 10% on the day.

Negative Sentiment

• Workhorse Group (WKHS): This electric vehicle company announced that it was withdrawing its bid to supply the U.S. Postal Service with electric delivery vehicles. This news was seen as a major setback for Workhorse, as it had been seen as a leading contender for the contract. Workhorse’s stock price fell by over 20% on the day.
• Ginkgo Bioworks (DNA): This synthetic biology company announced that it was delaying the launch of its first commercial product. This news was seen as a disappointment for investors, as it had been expected that Ginkgo would start generating revenue sooner. Ginkgo’s stock price fell by over 10% on the day.
• QuantumScape (QS): This solid-state battery company announced that it was delaying the start of production of its batteries. This news was seen as a blow to QuantumScape, as it had been seen as a leader in the development of solid-state batteries. QuantumScape’s stock price fell by over 25% on the day.

It is important to note that these are just a few of the small cap U.S. stocks that appeared in news on 14 May 2023, and the sentiment of the news articles may not necessarily reflect the future stock price of these companies. Additionally, other factors, such as economic conditions and changes in the industry, could also impact the stock price of these companies.