When we give a reason for a move
A price move gets a reason only when research found one in dated sources. Otherwise the move shows with its number and no reason line.
1 min read
Open the BriefingOn this page2 sections
Most daily price moves have no single cause, and the ones that do are easy to get wrong. So each move in the briefing carries one of three states.
| State | What you see | What it means |
|---|---|---|
| Confirmed | The reason, with the source and its date | A research pass found a dated source that explains the move: results, guidance, a filing, a rating change, a deal. |
| Unconfirmed | The stock and its move, with no reason line | We looked and did not find one, or we have not researched the move yet. |
| Not applicable | No reason line | The item is not a price move, for example an earnings date. |
How a reason gets confirmed
- We take the largest unusual movers of a session and research them against recent news and filings. A mover that has not been researched yet is marked as pending.
- The explanation is written by a model, and it is only kept when it is backed by the attached sources. See What a model writes.
- Only the largest movers are researched each pass. A smaller move in one of your names will often show as unconfirmed for that reason alone.
How to use an unconfirmed move
Treat it as a prompt to look, not as a signal. Open the stock report, check the latest headlines and filings, and see whether the whole sector moved the same way. A stock falling 4% with its sector down 3% has mostly told you about the sector.
Read next
- SignalsUnusual movers with their explanation, what Reddit is discussing and policy posts that name companies. What each can and cannot support.
- What is written by a model and what is notA plain list of which parts of the product a language model writes, which parts are arithmetic or copied from a source, and how the two are kept apart.
Something here wrong or unclear? Tell us. Informational only, not investment advice.