12 Consumer Discretionary Stocks Moving In Wednesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Wednesday's pre-market session, several consumer discretionary stocks showed significant movement. Vince Holding (VNCE) and Ollie's Bargain Outlet (OLLI) reported Q3 earnings, with VNCE shares surging 30.5% and OLLI shares rising 6.85%. Other gainers included Kaival Brands Innovations (KAVL), Newegg Commerce (NEGG), JOANN (JOAN), and Dogness (Intl) (DOGZ). On the losing side, Rent the Runway (RENT) saw a 10.1% decline after their Q3 earnings release, while Cooper-Standard Holdings (CPS), Harbor Custom Dev (HCDI), Chijet Motor Co (CJET), U Power (UCAR), and Farfetch (FTCH) also experienced drops in their stock prices.
December 06, 2023 | 1:07 pm
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POSITIVE IMPACT
Dogness (Intl)'s stock rose by 7.34% to $3.07, with a market cap of $6.1 million.
DOGZ's stock price movement could suggest a positive short-term outlook, but with a lower market cap, the impact may be less pronounced.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
JOANN's shares increased by 8.85% to $0.61, with a market cap of $25.5 million, following their Q3 earnings release two days ago.
JOAN's stock price increase post-Q3 earnings may continue to influence short-term trading positively.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Kaival Brands Innovations' shares rose by 15.94% to $0.32, with a market cap of $18.8 million.
KAVL's stock price increase may attract investor interest, potentially leading to short-term momentum.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Newegg Commerce's stock increased by 10.67% to $1.4, with a market cap of $530.6 million.
The rise in NEGG's stock price could indicate positive investor sentiment, potentially leading to short-term gains.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ollie's Bargain Outlet's stock increased by 6.85% to $81.48, with a market cap of $5.0 billion, following their Q3 earnings release.
OLLI's stock price rise is attributed to the Q3 earnings release, suggesting a positive investor response and potential short-term growth.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Vince Holding's stock rose 30.5% in pre-market trading after Q3 earnings release, with a market cap of $20.8 million.
The significant rise in VNCE's stock price is likely due to a positive reception of their Q3 earnings report, indicating a potential short-term upward trend.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Rent the Runway's stock declined by 10.1% to $0.6 with a market cap of $41.3 million after their Q3 earnings were released.
The decline in RENT's stock price suggests a negative market reaction to their Q3 earnings, indicating a possible short-term downward trend.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100