12 Consumer Discretionary Stocks Moving In Monday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Monday's pre-market session, several consumer discretionary stocks showed significant movement. Yoshiharu Global (YOSH) saw a 27.1% increase after its Q3 earnings report 4 days ago. Kaival Brands Innovations (KAVL), Cenntro Electric Gr (CENN), Aterian (ATER), Chijet Motor Co (CJET), and Esports Entertainment (GMBL) also experienced gains. On the losing side, MGO Global (MGOL) dropped 12.7% post its Q3 earnings, while Torrid Holdings (CURV), Zapp Electric Vehicles (ZAPP), SRM Entertainment (SRM), Niu Techs (NIU), and Chegg (CHGG) saw declines.
November 20, 2023 | 1:06 pm
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NEGATIVE IMPACT
Chegg's stock declined by 4.59% to $9.98, with a market cap of $1.1 billion.
The decrease in Chegg's stock price could be due to broader concerns in the education sector or company-specific issues.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Torrid Holdings' shares decreased by 10.12% to $3.02, with a market cap of $314.2 million.
The drop in CURV's stock price could be due to negative market sentiment or potentially disappointing company news.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
MGO Global's shares fell 12.7% to $0.48 in pre-market trading after its Q3 earnings were released 4 days ago.
The decline in MGO Global's stock price suggests a negative investor response to the Q3 earnings, indicating a potential short-term downward trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Niu Techs' shares declined by 5.19% to $2.24 after its Q3 earnings were released today, with a market cap of $172.6 million.
Niu Techs' stock price drop following the Q3 earnings release indicates a negative market reaction, suggesting a short-term bearish trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SRM Entertainment's shares fell 5.45% to $2.95, with a market cap of $27.8 million.
The decline in SRM's stock price may suggest a bearish outlook from investors towards the entertainment industry.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Zapp Electric Vehicles' stock fell 10.01% to $0.36, with a market cap of $19.9 million.
The decrease in ZAPP's stock price might reflect investor skepticism about the company's recent performance or the EV market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Aterian's shares rose by 7.77% to $0.38, with a market cap of $34.2 million.
The stock's pre-market gain could indicate a short-term positive trend, potentially due to recent company news or market conditions.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Cenntro Electric Gr's stock saw a 12.18% increase to $0.28, with a market cap of $84.3 million.
The stock's increase could be attributed to investor confidence in the company's prospects within the electric vehicle sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Chijet Motor Co's stock increased by 7.5% to $1.87, with a market cap of $300.1 million.
The increase in Chijet Motor Co's stock price could be influenced by positive investor sentiment towards the automotive industry.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Esports Entertainment's stock rose 7.38% to $0.03, with a market cap of $2.5 million.
The growth in GMBL's stock could reflect increasing investor interest in the esports sector.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Kaival Brands Innovations' shares increased by 12.49% to $0.23, with a market cap of $13.1 million.
The rise in stock price suggests a positive short-term outlook, possibly driven by market sentiment or recent company developments.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Yoshiharu Global's stock rose 27.1% to $0.45 in pre-market trading following its Q3 earnings report released 4 days ago.
The significant pre-market gain is likely due to positive investor reaction to the Q3 earnings report, indicating a potential short-term upward trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100