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. Gainers included Asset Entities, Collective Audience, Abits Group, Surgepays, and Lions Gate Enter, with increases ranging from 6.88% to 28.5%. Conversely, NetEase, Kore Group Holdings, HUYA, Bilibili, Treasure Global, and Tencent Music Enter Gr faced declines between 6.33% and 21.2%. Market capitalizations were also highlighted for each company.
December 22, 2023 | 1:07 pm
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NEGATIVE IMPACT
Bilibili stock fell 10.72% to $10.33, with a market value of $4.2 billion.
The 10.72% pre-market fall for Bilibili may continue to affect investor confidence, potentially leading to more short-term downside.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
NEGATIVE IMPACT
HUYA shares declined by 10.75% to $3.24, with a market cap of $770.8 million.
A 10.75% pre-market decline in HUYA's stock price could reflect investor concerns, possibly leading to further short-term selling pressure.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
NEGATIVE IMPACT
Kore Group Holdings stock declined by 15.22% to $0.78, with a market value of $64.2 million.
The 15.22% pre-market drop for Kore Group Holdings could indicate negative sentiment, potentially leading to further short-term declines.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
NEGATIVE IMPACT
NetEase stock fell 21.2% to $82.29, with a market cap of $53.0 billion.
A substantial pre-market decline of 21.2% is a strong negative signal that could lead to further short-term depreciation in stock value.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 95
NEGATIVE IMPACT
Treasure Global stock declined by 6.69% to $0.09, with a market value of $4.9 million.
A 6.69% pre-market decrease in Treasure Global's stock could suggest a negative trend, possibly affecting the stock in the short term.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 80
NEGATIVE IMPACT
Tencent Music Enter Gr stock fell 6.33% to $8.3, with a market value of $14.2 billion.
The pre-market decline of 6.33% for Tencent Music Enter Gr could indicate bearish sentiment, potentially leading to further short-term stock price erosion.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 85
POSITIVE IMPACT
Abits Group's shares moved up by 8.42% to $1.03, with a market cap of $36.6 million.
An 8.42% pre-market increase could suggest a positive outlook, potentially leading to more investor interest in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 85
POSITIVE IMPACT
Asset Entities' stock rose by 28.5% to $0.85 with a market cap of $11.8 million.
A significant pre-market increase of 28.5% is likely to attract investor attention and could lead to continued momentum in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Collective Audience shares increased by 9.16% to $1.31, with a market cap of $17.2 million.
The 9.16% rise in pre-market may indicate positive investor sentiment and could lead to further short-term gains.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 85
POSITIVE IMPACT
Lions Gate Enter shares rose by 7.43% to $11.27 and 6.88% to $11.95, with market caps of $2.6 billion and $2.8 billion respectively.
Two separate mentions of price increases for Lions Gate Enter suggest strong investor interest, potentially leading to further short-term gains.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Surgepays shares increased by 7.73% to $5.99, with a market cap of $85.2 million.
The pre-market gain of 7.73% for Surgepays may continue to drive positive sentiment and could result in further short-term appreciation.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 85