12 Consumer Discretionary Stocks Moving In Monday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Monday's pre-market session, several consumer discretionary stocks showed significant movement. New Oriental Education (EDU) saw a 12.5% increase, while Zapp Electric Vehicles (ZAPP) rose by 10.33%. NIO's shares increased by 8.77%, and Brilliant Earth Group (BRLT) went up by 7.82%. RumbleON (RMBL) and Connexa Sports Techs (CNXA) also experienced gains. On the downside, Gaotu Techedu (GOTU) fell by 13.2%, VF Corporation (VFC) dropped by 7.89%, and Esports Entertainment (GMBL) declined by 6.88%. Charles & Colvard (CTHR), Harbor Custom Development (HCDIP), and Visionary Education Tech (GV) also saw their stock prices decrease.
December 18, 2023 | 1:08 pm
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NEGATIVE IMPACT
Charles & Colvard (CTHR) stock fell 5.91% to $0.4, with a market cap of $12.1 million.
The drop in CTHR's stock price indicates potential investor concerns, which may result in a short-term negative trend.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 100
NEGATIVE IMPACT
Esports Entertainment (GMBL) shares declined by 6.88% to $0.02, with a market cap of $7.4 million.
GMBL's pre-market decline suggests a negative outlook from investors, potentially leading to a short-term decrease in stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Gaotu Techedu (GOTU) stock decreased by 13.2% to $4.02, with a market cap of $1.0 billion.
GOTU's significant pre-market drop may reflect negative investor sentiment or unfavorable news, suggesting a short-term bearish trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Visionary Education Tech (GV) shares declined by 4.95% to $0.18, with a market cap of $9.3 million.
GV's pre-market decline could be due to investor skepticism or negative sector news, potentially leading to a short-term drop in its stock price.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 100
NEGATIVE IMPACT
Harbor Custom Development (HCDIP) stock decreased by 5.31% to $1.25.
HCDIP's pre-market decrease may reflect investor caution, possibly due to market conditions affecting the real estate sector, suggesting a short-term downward movement.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 100
NEGATIVE IMPACT
VF Corporation (VFC) stock fell 7.89% to $18.34, with a market cap of $7.1 billion.
The decline in VFC's stock price could be due to negative market sentiment or company-specific news, indicating a potential short-term downtrend.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Brilliant Earth Group (BRLT) shares increased by 7.82% to $3.86, with a market cap of $47.3 million.
BRLT's pre-market increase may reflect investor confidence in the company's prospects, potentially leading to a short-term positive price movement.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Connexa Sports Techs (CNXA) shares rose 6.87% to $0.21.
The pre-market increase for CNXA may indicate emerging investor interest, which could lead to short-term positive price action.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 100
POSITIVE IMPACT
New Oriental Education (EDU) stock increased by 12.5% to $81.05, with a market cap of $13.4 billion.
The significant pre-market increase in EDU's stock price suggests positive investor sentiment, which could lead to a short-term upward trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
NIO shares rose 8.77% to $8.68, with a market cap of $15.4 billion.
The rise in NIO's stock price could be attributed to positive market news or investor sentiment around the EV industry, suggesting a short-term bullish trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
RumbleON (RMBL) stock rose 7.06% to $8.34, with a market cap of $292.4 million.
RMBL's stock price increase in pre-market trading could suggest short-term investor optimism, potentially leading to further gains.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Zapp Electric Vehicles (ZAPP) stock rose 10.33% to $0.26, with a market cap of $14.1 million.
ZAPP's pre-market gain indicates potential investor optimism, possibly due to developments in the electric vehicle sector, leading to a short-term positive impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100