12 Communication Services Stocks Moving In Tuesday's Intraday Session
Portfolio Pulse from Benzinga Insights
Several communication services stocks experienced significant movements in Tuesday's intraday session. Direct Digital Holdings (DRCT) saw a 28% increase, Kore Group Holdings (KORE) rose by 27.72%, Sohu.com (SOHU) went up by 22.08%, and Cardlytics (CDLX) increased by 16.53%, all following their Q3 earnings reports. Ucloudlink Group (UCL) and Super League Enterprise (SLE) also saw gains. Conversely, LQR House (LQR), Innovid (CTV), Lytus Technologies Hldgs (LYT), Cheer Holding (CHR), iHeartMedia (IHRT), and Asset Entities (ASST) experienced declines, with some also reacting to their Q3 earnings.
November 14, 2023 | 5:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Asset Entities' stock fell 8.75% with no specific news reported to directly influence the movement.
ASST's stock decrease lacks a direct news catalyst, making the short-term impact less clear.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Cheer Holding's stock decreased by 11.39% on lower than average volume, with no immediate news to account for the movement.
CHR's stock decline on lower volume suggests a negative trend, but without specific news, the impact is less certain.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Innovid's stock declined by 14.76% with a moderate increase in volume following their Q3 earnings 4 days ago.
CTV's stock decline is likely a result of investor reaction to the Q3 earnings report.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
iHeartMedia shares dropped 9.11% with a slight increase in volume following their Q3 earnings report 3 days ago.
IHRT's stock price decline is likely due to investor dissatisfaction with the Q3 earnings report.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
LQR House shares dropped 20% on extremely high volume, with no specific news reported to directly influence the movement.
The decline in LQR's stock price on high volume suggests negative market sentiment, but without specific news, the cause is uncertain.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Lytus Technologies Holdings shares fell 11.95% on below-average volume, with no specific news to explain the drop.
LYT's stock price drop on lower volume indicates a negative trend, but the lack of news makes the impact uncertain.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Ucloudlink Group's stock saw a 12.33% increase, with no specific news reported to directly influence the movement.
UCL's stock increase lacks a direct news catalyst, making the short-term impact less clear.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Cardlytics' stock increased by 16.53% on higher than average volume, following their Q3 earnings report 4 days ago.
CDLX's stock appreciation is likely due to positive market reaction to the company's Q3 financial performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Direct Digital Holdings' stock surged 28% on high volume following their Q3 earnings report 3 days ago.
The significant increase in DRCT's stock price is likely due to positive investor reaction to their Q3 earnings report, as indicated by the high trading volume.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Kore Group Holdings' stock rose by 27.72% with a substantial increase in trading volume after their Q3 earnings.
KORE's stock price increase is likely driven by investor optimism following the company's Q3 earnings release.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Super League Enterprise shares rose by 11.18% as Q3 earnings were released today.
SLE's stock price increase is likely influenced by the release of their Q3 earnings report.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Sohu.com's shares increased by 22.08% following their Q3 earnings report released yesterday.
The rise in SOHU's stock price suggests a favorable investor response to the company's latest earnings.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90