11 Communication Services Stocks Moving In Friday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Friday's intraday session, several communication services stocks experienced significant movements. NextPlay Technologies (NXTP) saw a substantial increase of 188.4%, while NetEase (NTES) faced a notable decline of 15.1%. Other gainers included Oriental Culture Holding (OCG), Brera Holdings (BREA), Society Pass (SOPA), and NFT (MI), with increases ranging from 12.91% to 28.43%. Conversely, stocks such as Gamer Pakistan (GPAK), HUYA (HUYA), Grom Social Enterprises (GROM), Starbox Group Holdings (STBX), and LQR House (LQR) experienced declines between 7.16% and 11.25%.

December 22, 2023 | 5:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Gamer Pakistan shares decreased by 11.25% to $0.37, with a market cap of $9.3 million.
The decline in Gamer Pakistan's stock price may reflect negative sentiment, which could lead to further short-term depreciation.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Grom Social Enterprises shares fell 9.93% to $1.18, with a market cap of $2.3 million.
The decrease in Grom Social Enterprises' stock price may continue if investor sentiment remains negative, potentially leading to further short-term losses.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
HUYA shares declined by 10.06% to $3.27, with a market cap of $776.8 million.
The drop in HUYA's stock price could signal a bearish outlook among investors, possibly leading to further short-term declines.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
LQR House stock fell 7.16% to $4.11, with a market value of their outstanding shares at $13.8 million.
The fall in LQR House's stock price suggests a bearish sentiment that could lead to further short-term declines.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
NetEase stock fell 15.1% to $88.61, with a market cap of $57.1 billion.
The substantial drop in NetEase's stock price could lead to short-term bearish sentiment among investors, potentially causing further declines.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Starbox Group Holdings shares declined by 7.26% to $0.31, with a market cap of $22.0 million.
The decline in Starbox Group Holdings' stock price could be indicative of a negative trend, which may persist in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Brera Holdings stock rose by 17.11% to $0.65, with a market cap of $7.4 million.
Brera Holdings' stock price increase could attract investor attention, potentially leading to further short-term appreciation.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
NFT shares rose 12.91% to $0.21, with a market cap of $7.2 million.
The positive movement in NFT's stock price could indicate growing interest in the sector, potentially leading to further short-term increases.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
NextPlay Technologies shares surged 188.4% to $2.61, with a market cap of $15.5 million.
The significant surge in NextPlay Technologies' stock price indicates a strong positive sentiment which could attract more investors in the short term, potentially maintaining the upward momentum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Oriental Culture Holding shares increased by 28.43% to $1.31, with a market cap of $5.5 million.
The sharp rise in Oriental Culture Holding's stock price suggests positive investor sentiment, which could lead to continued short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Society Pass shares increased by 15.34% to $0.3, with a market cap of $8.6 million.
The increase in Society Pass' stock price may continue to draw investor interest in the short term, potentially leading to further gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70