12 Consumer Discretionary Stocks Moving In Tuesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's pre-market session, several consumer discretionary stocks showed significant movement. Zapp Electric Vehicles (ZAPP) saw a 16.7% increase, while G-III Apparel Group (GIII) rose by 11.59% following their Q3 earnings release. Harbor Custom Dev (HCDI), Culp (CULP), and J.Jill (JILL) also experienced gains after their earnings reports. Conversely, Designer Brands (DBI) dropped by 32.1%, JOANN (JOAN) by 18.54%, and other companies like Fenbo Holdings (FEBO), Jeffs Brands (JFBR), Singing Machine Co (MICS), and MINISO Group Holding (MNSO) saw declines in their stock prices.
December 05, 2023 | 1:08 pm
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NEGATIVE IMPACT
Designer Brands stock declined by 32.1% to $8.69 with a market cap of $505.2 million after their Q3 earnings release.
The sharp decline in DBI's stock price is likely due to negative investor sentiment following the Q3 earnings release, which may have missed analysts' expectations or shown concerning financials.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
JOANN stock declined by 18.54% to $0.72 with a market cap of $30.3 million after their Q3 earnings release.
JOANN's stock price decrease is likely a result of disappointing Q3 earnings, leading to bearish investor sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
G-III Apparel Group shares increased by 11.59% to $33.07 following their Q3 earnings release, with a market cap of $1.5 billion.
The rise in GIII's stock price can be attributed to positive investor reaction to the company's Q3 earnings report, indicating better-than-expected financial performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Zapp Electric Vehicles stock increased by 16.7% to $0.31 with a market cap of $16.9 million.
The significant pre-market increase in ZAPP's stock price is likely due to investor optimism, potentially related to recent company developments or market conditions favoring electric vehicle companies.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100