12 Communication Services Stocks Moving In Thursday's Intraday Session
Portfolio Pulse from Benzinga Insights
During Thursday's intraday session, several communication services stocks experienced significant movements. Anghami, Frontier Communications, FingerMotion, Glory Star New Media Gr, Spark Networks, and Liberty TripAdvisor Hldgs saw gains, while Antelope Ent Hldgs, Sify Technologies, Cardlytics, Kore Group Holdings, Fangdd Network Group, and Netflix experienced losses. Factors influencing these movements include recent earnings reports and trading volumes.
July 20, 2023 | 5:31 pm
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Netflix shares declined by 8.72% to $435.95. The market value of their outstanding shares is at $193.7 billion. The Q2 earnings report came out yesterday.
The decline in Netflix's share price is likely due to the company's Q2 earnings report. Given the company's large market cap, this drop could have a significant impact on the overall market.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Anghami shares moved upwards by 8.7% to $1.13 during Thursday's regular session. The market value of their outstanding shares is at $29.3 million.
The rise in Anghami's share price could be due to positive market sentiment or company-specific news. The company's market value is relatively small, indicating it may be more susceptible to price swings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Frontier Communications shares increased by 8.31% to $16.55. The company's market cap stands at $4.0 billion.
The increase in Frontier Communications' share price could be due to positive market sentiment or company-specific news. The company's market cap is substantial, indicating it is a larger player in the market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100