12 Communication Services Stocks Moving In Thursday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's pre-market session, several communication services stocks experienced significant movements. Arena Group Holdings (AREN) led the gainers with an 11.8% increase, while Lizhi (LIZI) saw the largest drop among the losers, falling 22.8%. Other notable gainers include Motorsport Games (MSGM), Collective Audience (CAUD), Chicken Soup for the Soul (CSSE), Skillz (SKLZ), and VS Media Holdings (VSME). On the losing side, Grupo Televisa (TV), Asset Entities (ASST), Weibo (WB), The9 (NCTY), and Super League Enterprise (SLE) also saw declines.
November 30, 2023 | 1:06 pm
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POSITIVE IMPACT
Arena Group Holdings (AREN) shares increased by 11.8% to $2.17, with a market cap of $51.7 million.
The significant pre-market increase in AREN's stock price suggests positive investor sentiment, which could lead to a short-term uptrend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Collective Audience (CAUD) shares increased by 11.51% to $1.84, with a market cap of $24.2 million.
CAUD's pre-market rise suggests investor optimism, potentially leading to a positive short-term price movement.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Chicken Soup for the Soul (CSSE) stock increased by 9.98% to $0.32, with a market cap of $9.9 million.
The notable increase in CSSE's stock price could indicate a bullish trend for the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Motorsport Games (MSGM) shares increased by 11.55% to $2.8, with a market cap of $7.6 million.
The pre-market gain for MSGM indicates positive momentum that could carry into the short-term trading session.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Skillz (SKLZ) stock increased by 6.99% to $6.88, with a market cap of $147.5 million.
SKLZ's pre-market increase may attract investor interest, potentially leading to a short-term positive price action.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80
POSITIVE IMPACT
VS Media Holdings (VSME) stock rose 6.87% to $0.76, with a market cap of $16.7 million.
The pre-market gain for VSME could suggest a positive short-term outlook for the stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Asset Entities (ASST) shares declined by 8.2% to $0.73, with a market cap of $10.2 million.
ASST's pre-market decline indicates potential bearish sentiment that may affect the stock in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Lizhi (LIZI) shares fell 22.8% to $3.01, with a market cap of $15.7 million, following the release of Q3 earnings.
The sharp decline in LIZI's stock price post-earnings indicates a negative market reaction to the Q3 results, likely leading to a short-term negative impact.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 95
NEGATIVE IMPACT
The9 (NCTY) stock declined by 5.31% to $6.78, with a market cap of $27.3 million.
The pre-market decrease in NCTY's stock price suggests a bearish outlook that may continue in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Super League Enterprise (SLE) stock decreased by 5.15% to $1.66, with a market cap of $7.0 million.
SLE's stock price drop in pre-market trading may indicate a negative short-term trajectory.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Grupo Televisa (TV) shares fell 9.73% to $2.6, with a market cap of $1.4 billion.
The significant drop in TV's stock price could reflect negative sentiment, potentially leading to further short-term declines.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
NEGATIVE IMPACT
Weibo (WB) stock declined by 5.48% to $10.7, with a market cap of $2.5 billion.
Weibo's pre-market stock decline could signal a negative short-term trend for the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85