10 Communication Services Stocks Moving In Monday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Monday's after-market session, several communication services stocks experienced notable movements. Hanryu Holdings (HRYU) saw a significant rise of 43.3%, while Chicken Soup for the Soul (CSSE) and Urban One (UONE) also posted gains. Conversely, Cheer Holding (CHR), Rumble (RUM), FaZe Hldgs (FAZE), and LiveOne (LVO) experienced declines. The movements were accompanied by varying trading volumes, with some stocks trading close to or above their average volumes. Rumble's Q3 earnings were released, and LiveOne's Q2 earnings were reported two days prior.
November 13, 2023 | 9:31 pm
News sentiment analysis
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POSITIVE IMPACT
Chicken Soup for the Soul shares increased by 6.18% to $0.32, with a market cap of $9.9 million.
The gain in after-market trading indicates positive sentiment which may lead to a short-term positive impact on the stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Hanryu Holdings shares soared 43.3% in after-market trading with a volume that was 43.5% of its 100-day average.
The substantial rise in after-market trading, coupled with a high trading volume, suggests strong investor interest which could lead to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Urban One shares rose 4.88% to $4.29, with the company's market cap at $209.5 million.
The increase in share price suggests a positive investor response which may result in a short-term positive impact on the stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Cheer Holding stock declined by 7.3% to $0.37 in after-market trading with a volume of 181.1K shares.
The decline in after-market trading could reflect negative sentiment, potentially leading to a short-term negative impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
FaZe Hldgs stock decreased by 3.23% to $0.18, with a market value of $13.7 million.
The decrease in stock price in after-market trading may reflect a negative outlook by investors, possibly affecting the stock negatively in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
LiveOne stock declined by 2.81% to $1.04, following the release of Q2 earnings two days ago.
The decline may continue as investors digest the Q2 earnings report, potentially leading to a short-term negative impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Rumble shares fell 3.34% to $4.35 after the release of Q3 earnings, with a market cap of $1.2 billion.
The decline following the Q3 earnings release suggests the market may have reacted negatively to the financial results, indicating a potential short-term negative impact on the stock price.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90