11 Consumer Discretionary Stocks Moving In Wednesday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Wednesday's intraday session, several consumer discretionary stocks experienced significant movements. Jowell Global (JWEL) saw a 20% increase, while Nova Lifestyle (NVFY) rose by 18.18%. Rocky Brands (RCKY) and American Public Education (APEI) also gained, with increases of 10.1% and 8.5% respectively. Studio City Intl Hldgs (MSC) shares went up by 8.4%. On the downside, ZHONGCHAO (ZCMD) dropped by 18.4%, Sonder Holdings (SOND) by 14.14%, and Urban Outfitters (URBN) fell by 12.59% after Q3 earnings. Esports Entertainment (GMBL) and Singing Machine Co (MICS) both saw declines of over 10%, with MICS reacting to its Q2 earnings report. SRM Entertainment (SRM) also decreased by 10.26%.

November 22, 2023 | 5:31 pm
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POSITIVE IMPACT
American Public Education's shares moved upwards by 8.5% to $6.25, with a market cap of $111.1 million.
The increase in APEI's stock price suggests investor confidence, which may lead to further short-term appreciation in stock value.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Jowell Global's stock rose by 20% to $2.64, with a market cap of $5.6 million.
The significant intraday increase in JWEL's stock price suggests positive investor sentiment, which could lead to short-term upward momentum.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Studio City Intl Hldgs shares rose by 8.4% to $4.9, with a market cap of $943.6 million.
MSC's share price gain could indicate a positive market reaction, possibly leading to more short-term upward movement.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Nova Lifestyle's shares increased by 18.18% to $2.6, with a market cap of $4.2 million.
The substantial rise in NVFY's stock price could attract more attention from investors, potentially leading to further short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Rocky Brands' stock increased by 10.1% to $27.99, with a market cap of $206.5 million.
Rocky Brands' notable stock price increase could be a sign of market approval, potentially leading to continued short-term positive performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Esports Entertainment's shares fell 12.26% to $0.03, with a market cap of $2.4 million.
The drop in GMBL's stock price could suggest a lack of investor confidence, potentially leading to further short-term decreases.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Singing Machine Co's stock fell 10.99% to $0.86 after their Q2 earnings report, with a market cap of $3.6 million.
The significant decline in MICS's stock price following its Q2 earnings report indicates a negative investor response, which could continue to affect the stock in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Sonder Holdings' stock declined by 14.14% to $4.41, with a market cap of $48.7 million.
Sonder Holdings' stock price decrease could be a sign of investor concern, which may result in continued short-term downward pressure.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
SRM Entertainment's shares decreased by 10.26% to $2.97, with a market cap of $28.0 million.
The decrease in SRM's stock price may indicate investor skepticism, potentially leading to additional short-term downward movement.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Urban Outfitters' shares fell 12.59% to $31.74 following their Q3 earnings release, with a market cap of $2.9 billion.
The decline in URBN's stock price post-earnings suggests a negative market reaction to the financial results, which could lead to further short-term selling pressure.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
ZHONGCHAO's shares decreased by 18.4% to $0.8, with a market cap of $19.7 million.
The significant drop in ZCMD's stock price could reflect negative investor sentiment, potentially leading to further short-term declines.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90