10 Communication Services Stocks Moving In Thursday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's after-market session, several communication services stocks experienced significant movements. Mobile Global Esports (MGAM) saw a 17.8% increase, while Kore Group Holdings (KORE) dropped by 7.6%. Other notable gainers include Asset Entities (ASST), Grom Social Enterprises (GROM), and 36KR Holdings (KRKR). On the losing side, FaZe Hldgs (FAZE), PLAYSTUDIOS (MYPS), PSQ Holdings (PSQH), Direct Digital Holdings (DRCT), and VS Media Holdings (VSME) saw declines in their stock prices.
December 21, 2023 | 9:31 pm
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POSITIVE IMPACT
Asset Entities shares increased by 10.59% to $0.73, with a market value of $10.2 million.
The rise in ASST's stock price could reflect investor confidence or a response to recent company developments.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Grom Social Enterprises stock rose by 9.92% to $1.44, with a market cap of $2.8 million.
GROM's stock price increase suggests investor optimism, possibly due to positive news or performance within the company.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
36KR Holdings stock moved up by 3.25% to $0.58, with a market cap of $22.6 million.
The increase in KRKR's stock price may be due to positive investor sentiment or favorable industry news affecting the company.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Mobile Global Esports shares rose by 17.8% in after-market trading, with a market cap of $6.7 million.
The significant after-market rise in MGAM's stock price suggests positive investor sentiment, potentially due to company-specific news or broader industry trends in esports.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Direct Digital Holdings shares decreased by 4.02% to $13.4, with a market cap of $191.2 million.
The decline in DRCT's stock price indicates a potential negative market sentiment or adverse events impacting the company.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
FaZe Hldgs stock decreased by 6.7% to $0.19, with a market cap of $14.8 million.
The drop in FAZE's stock price might reflect investor concerns or negative developments within the company or its industry.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Kore Group Holdings stock fell by 7.6% during after-market hours, with a market cap of $70.0 million.
The decline in KORE's stock price indicates negative investor sentiment, which could be due to company-specific news or unfavorable market conditions in the communication services sector.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
PLAYSTUDIOS shares fell by 5.46% to $2.6, with a market cap of $348.4 million.
The decline in MYPS's stock price suggests a negative reaction from investors, potentially due to company-specific news or broader market trends.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
PSQ Holdings shares declined by 4.63% to $5.16, with a market value of $142.5 million.
The decrease in PSQH's stock price could be due to investor skepticism or negative news affecting the company's outlook.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
VS Media Holdings stock decreased by 3.74% to $0.44, with a market cap of $9.7 million.
The drop in VSME's stock price might be due to investor caution or negative news specific to the company or its sector.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70