12 Consumer Discretionary Stocks Moving In Wednesday's Intraday Session
Portfolio Pulse from Benzinga Insights
During Wednesday's intraday session, several consumer discretionary stocks experienced significant movements. Newegg Commerce (NEGG) saw a 32.1% increase, Cenntro Electric Gr (CENN) rose by 21.69%, Worksport (WKSP) went up by 21.27%, Farfetch (FTCH) increased by 17.21%, MYT Netherlands Parent (MYTE) moved upwards by 17.07%, and Chegg (CHGG) rose 16.98%. On the downside, Sonder Holdings (SOND) fell 17.5%, Volcon (VLCN) decreased by 16.71%, Faraday Future (FFIE) dropped by 12.39%, Kidpik (PIK) declined by 10.07%, Envirotech Vehicles (EVTV) went down by 8.79%, and Educational Development (EDUC) decreased by 8.72%. The movements were accompanied by significant trading volumes compared to their average, with some companies recently releasing their Q3 earnings.
November 15, 2023 | 5:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Educational Development's stock decreased by 8.72%, which may reflect investor reaction to market conditions or internal company events.
The drop in price could be due to negative sentiment or events within the company, likely impacting its short-term price movement.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75
NEGATIVE IMPACT
Envirotech Vehicles shares declined by 8.79%, which could be a reaction to broader market trends or company-specific factors.
The stock's decline may be influenced by market sentiment or individual company issues, potentially affecting its short-term trajectory.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75
NEGATIVE IMPACT
Faraday Future's stock fell 12.39% potentially in response to its Q3 earnings report, with volume just above average.
The stock's decline, close to its Q3 earnings release, and slightly increased volume suggest a negative investor response, likely impacting short-term price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Kidpik's stock dropped by 10.07% following its Q3 earnings, which could signal investor disappointment or concerns.
The decrease in stock price after the earnings announcement may indicate a negative market perception, affecting short-term performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Sonder Holdings shares fell 17.5% possibly due to investor reactions to its Q3 earnings report, with higher than average volume.
The decline in stock price following the Q3 earnings release and increased volume suggests a negative market response, likely to affect short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Volcon's shares decreased by 16.71%, with trading volume up, which may reflect investor skepticism or reaction to market conditions.
The significant drop in price and increased volume could indicate a bearish short-term sentiment among investors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
POSITIVE IMPACT
Cenntro Electric Gr's stock rose by 21.69%, with trading volume exceeding its average, potentially reflecting investor optimism.
The significant price increase and higher-than-average volume could indicate a bullish short-term outlook for the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Chegg's stock experienced a 16.98% rise, with trading volume slightly above its average, indicating a positive investor reaction.
The stock's price increase, accompanied by a moderate increase in volume, suggests a favorable short-term trend.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80
POSITIVE IMPACT
Farfetch shares increased by 17.21%, with volume slightly above average, suggesting moderate investor enthusiasm.
The increase in stock price, along with a modest rise in volume, points to a positive short-term outlook but with less intensity than others.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80
POSITIVE IMPACT
MYT Netherlands Parent's stock moved up by 17.07%, with a significant spike in trading volume, hinting at potential investor confidence.
The stock's upward movement and high volume could suggest a positive investor outlook, possibly maintaining short-term momentum.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80
POSITIVE IMPACT
Newegg Commerce's stock surged 32.1% with a trading volume significantly higher than its average, indicating strong investor interest.
The substantial increase in stock price and trading volume suggests positive investor sentiment, which could lead to continued short-term upward momentum.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Worksport shares climbed 21.27%, trading at volumes much higher than average, which may attract further investor attention.
The sharp increase in price and volume indicates strong market interest, which could lead to further short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85