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. Fluent (FLNT) saw a 30.8% increase, while Troika Media Group (TRKA) dropped by 17%. Scholastic (SCHL) fell by 10.85% following their Q2 earnings report. Other notable gainers include Asset Entities (ASST), NextPlay Technologies (NXTP), Charge Enterprises (CRGE), and Able View Global (ABLV). Losers also included Hanryu Holdings (HRYU), LiveOne (LVO), Treasure Global (TGL), and MoneyHero (MNY).
December 15, 2023 | 1:08 pm
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POSITIVE IMPACT
Able View Global's stock rose by 7.18% to $3.28, with a market cap of $138.9 million.
The stock's pre-market gain suggests it may continue to perform well as the market opens.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Asset Entities' shares rose by 19.6% to $0.52, with a market cap of $7.2 million.
The significant pre-market rise could lead to further gains as the market opens, depending on investor perception.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Charge Enterprises' shares increased by 13.63% to $0.12, with a market cap of $26.8 million.
The rise in pre-market trading could reflect growing investor confidence in the company's future.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Qwest Corporation 6.5% Notes due 2056 shares increased by 6.58% to $10.68.
The increase in pre-market may attract attention from investors looking for fixed-income assets.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Fluent's stock soared by 30.8% to $0.76, with a market cap of $61.6 million.
A significant pre-market increase often leads to continued momentum after the market opens, attracting investor interest.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
NextPlay Technologies' stock increased by 13.7% to $1.41, with a market cap of $8.4 million.
A pre-market increase may indicate positive investor sentiment and potential for continued upward movement.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Hanryu Holdings' stock fell by 9.43% to $1.25, with a market cap of $66.0 million.
The pre-market decline could indicate bearish sentiment that might extend into the regular session.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
LiveOne's shares declined by 5.83% to $1.05, with a market cap of $92.3 million.
The drop in pre-market trading may reflect investor concerns or negative news affecting the company.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
MoneyHero's shares decreased by 4.91% to $1.94, with a market cap of $74.7 million.
The pre-market drop could be a sign of investor uncertainty or a reaction to recent company developments.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Scholastic's stock decreased by 10.85% to $36.98 following their Q2 earnings report, with a market cap of $1.1 billion.
Stocks often move significantly after earnings reports, and a drop suggests the market's reaction to Scholastic's Q2 results may be negative.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Treasure Global's stock fell 5.3% to $0.1, with a market cap of $5.2 million.
The pre-market decline suggests a negative outlook that could impact the stock's performance during the day.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Troika Media Group's shares fell sharply by 17% to $0.19, with a market cap of $3.1 million.
A substantial pre-market decline typically indicates negative sentiment that could persist into the regular trading session.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90