12 Communication Services Stocks Moving In Monday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Monday's pre-market session, several communication services stocks experienced significant movements. NextPlay Technologies (NXTP) saw a 50% increase, while Sea (SE) dropped by 11.8%. Other gainers included GDEV, ONFO, CRGE, BHAT, and ANGH, with increases ranging from 5.18% to 12.32%. Losers included DRCT, PARAP, WIMI, LYT, and ASST, with declines between 4.92% and 7.71%. These movements reflect changes in investor sentiment and market dynamics affecting these companies.
December 11, 2023 | 1:06 pm
News sentiment analysis
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NEGATIVE IMPACT
Sea's stock fell 11.8% in pre-market trading with a market cap of $20.0 billion, suggesting negative sentiment that could result in a downward trend in the short term.
An 11.8% drop in pre-market indicates a strong negative sentiment that could carry over into the regular trading session, potentially leading to further declines.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Anghami shares increased by 5.18% to $1.42 with a market cap of $39.2 million, which may result in short-term interest from investors.
A moderate pre-market increase of 5.18% could attract investors' attention, potentially leading to more activity and a short-term positive trend.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Blue Hat Interactive stock rose by 6.72% to $1.27 with a market cap of $72.1 million, suggesting a positive outlook that could impact short-term trading.
A 6.72% pre-market rise indicates a positive sentiment that may lead to increased trading activity and potentially more gains in the short term.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Charge Enterprises shares increased by 8.35% to $0.14 with a market cap of $30.1 million, which could lead to short-term speculative interest.
An 8.35% increase in pre-market trading may attract speculative traders, potentially leading to further short-term price fluctuations.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
GDEV shares increased by 12.32% to $2.36 with a market cap of $465.8 million, which may attract investor interest and lead to short-term price momentum.
A pre-market increase of over 12% is likely to draw investor attention and could result in continued upward price movement as the market opens.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
NextPlay Technologies shares soared 50% in pre-market trading with a market cap of $3.7 million, indicating strong investor interest that could lead to increased volatility and trading volume in the short term.
A 50% pre-market surge is a significant move that often leads to continued momentum as the market opens, attracting more investor attention and potentially leading to further gains.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Onfolio Holdings shares rose by 9.2% to $0.58 with a market cap of $2.9 million, indicating potential short-term trading interest.
A 9.2% pre-market gain may lead to heightened trading activity and could potentially sustain the upward trend in the short term.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 60