12 Communication Services Stocks Moving In Friday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Friday's pre-market session, several communication services stocks experienced significant movements. Loop Media (LPTV) saw an 11.2% increase, while DoubleDown Interactive (DDI) rose by 9.82%. Hello Group (MOMO) increased by 8.82% following their Q3 earnings release. Grom Social Enterprises (GROM), Starbox Group Holdings (STBX), and Cuentas (CUEN) also saw gains. Conversely, Troika Media Group (TRKA) dropped by 24.2%, with Cheer Holding (CHR), WiMi Hologram Cloud (WIMI), Society Pass (SOPA), Anghami (ANGH), and So-Young Intl (SY) also experiencing declines.
December 08, 2023 | 1:07 pm
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POSITIVE IMPACT
Cuentas' stock moved upwards by 4.58% to $1.37, with a market cap of $3.7 million.
The stock's pre-market rise could indicate short-term bullishness, though the small market cap suggests caution.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
DoubleDown Interactive's stock increased by 9.82% to $9.74, with a market cap of $482.7 million.
The pre-market rise indicates bullish investor sentiment, potentially leading to further short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Grom Social Enterprises' stock increased by 6.93% to $1.08, with a market cap of $2.1 million.
The pre-market gain could suggest a short-term positive trend, but the low market cap indicates potential volatility.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Loop Media's stock rose 11.2% to $0.92, with a market cap of $60.5 million.
The significant pre-market gain suggests positive investor sentiment, which could lead to a short-term uptrend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Hello Group's stock rose by 8.82% to $7.15 following the release of their Q3 earnings, with a market cap of $1.3 billion.
The positive reaction to the Q3 earnings release could drive short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Starbox Group Holdings' stock rose by 5.04% to $0.12, with a market cap of $8.6 million.
The stock's pre-market increase may lead to short-term gains, but the small market cap could mean higher risk.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Anghami's shares fell 4.26% to $1.35, with a market cap of $37.3 million.
The stock's pre-market decline may indicate short-term selling pressure, though the impact may be moderate.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 70
NEGATIVE IMPACT
Cheer Holding's shares fell 8.06% to $3.31, with a market cap of $33.2 million.
The pre-market decline could reflect investor concerns, potentially leading to further short-term losses.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 80
NEGATIVE IMPACT
Society Pass' shares fell 5.61% to $0.26, with a market cap of $7.5 million.
The negative pre-market movement could suggest a bearish trend, but the low market cap adds to the uncertainty.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
So-Young Intl's stock decreased by 3.97% to $1.21, with a market cap of $119.1 million.
The pre-market drop suggests potential short-term downside, but the relatively higher market cap may buffer volatility.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Troika Media Group's stock declined by 24.2% to $0.41, with a market cap of $6.7 million.
The substantial pre-market drop suggests negative sentiment and potential short-term downward pressure on the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
WiMi Hologram Cloud's shares declined by 6.89% to $0.65, with a market cap of $56.5 million.
The pre-market drop may continue into the regular session, indicating a short-term bearish outlook.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80