12 Consumer Discretionary Stocks Moving In Tuesday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Tuesday's intraday session, several consumer discretionary stocks experienced significant movements. Arcimoto, REE Automotive, PDD Holdings, PLBY Group, GameStop, and Yunji saw their stocks rise, with PDD Holdings releasing Q3 earnings. Conversely, Volcon, Harbor Custom Dev, Citi Trends, U Power, Connexa Sports Techs, and Esports Entertainment witnessed declines in their stock prices, with Citi Trends also releasing Q3 earnings.
November 28, 2023 | 5:31 pm
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POSITIVE IMPACT
Arcimoto's stock rose by 20.4% to $1.06, with a market cap of $9.3 million.
The significant intraday price increase suggests positive investor sentiment, which could lead to short-term momentum. However, the small market cap indicates higher volatility and risk.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
GameStop's stock increased by 11.46% to $13.28, with a market cap of $4.0 billion.
The notable increase in GameStop's stock price could attract more attention and buying pressure in the short term, especially given its history of high volatility and market interest.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
PDD Holdings' stock jumped by 18.71% to $139.75 after releasing Q3 earnings, with a market cap of $185.6 billion.
The earnings release is a significant event that likely contributed to the stock's rise. Given the large market cap, the move reflects substantial investor confidence in the company's performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
POSITIVE IMPACT
PLBY Group's stock rose by 16.28% to $0.53, with a market cap of $39.6 million.
The stock's increase is notable, but the small market cap means the stock could be subject to high volatility and rapid changes in investor sentiment.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
REE Automotive's stock increased by 19.51% to $6.63, with a market cap of $55.5 million.
The stock's substantial rise indicates strong buying interest which may continue in the short term, but the relatively small market cap suggests potential volatility.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Yunji's stock increased by 10.68% to $0.89, with a market cap of $17.9 million.
Yunji's stock price increase indicates positive investor sentiment, but the small market cap suggests that the stock could be more susceptible to price swings.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Citi Trends' shares decreased by 14.33% to $22.61 after Q3 earnings, with a market cap of $193.6 million.
The decline following the Q3 earnings release suggests that the market may have reacted negatively to the earnings report or found the results below expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
Volcon's shares fell 16.9% to $0.15, with a market cap of $1.5 million.
The significant drop in stock price could indicate negative sentiment or reactions to market conditions, and the very small market cap increases the risk of further volatility.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80