12 Communication Services Stocks Moving In Monday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Monday's pre-market session, several communication services stocks experienced significant movements. NextPlay Technologies (NXTP) saw a substantial increase of 126.0%, while comScore (SCOR) faced a drastic decrease of 95.2%. Other notable gainers include Asset Entities (ASST), Abits Group (ABTS), Brera Holdings (BREA), Loop Media (LPTV), and Lions Gate Enter (LGF). On the losing side, alongside comScore, were NetEase (NTES), Kore Group Holdings (KORE), HUYA (HUYA), Grom Social Enterprises (GROM), and Bilibili (BILI).
December 25, 2023 | 1:06 pm
News sentiment analysis
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NEGATIVE IMPACT
Bilibili shares decreased by 10.03% to $10.41, with a market cap of $4.2 billion.
The pre-market drop for BILI could reflect investor concerns, possibly leading to a short-term negative trend in its stock price.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 70
NEGATIVE IMPACT
Grom Social Enterprises stock fell 11.46% to $1.16, with a market cap of $2.2 million.
GROM's pre-market decrease indicates potential negative sentiment, which could lead to a short-term downtrend in the stock price.
CONFIDENCE 65
IMPORTANCE 55
RELEVANCE 60
NEGATIVE IMPACT
HUYA stock fell 12.95% to $3.16, with a market cap of $751.8 million.
The pre-market decline for HUYA may be a sign of bearish sentiment, potentially leading to further short-term price drops.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 70
NEGATIVE IMPACT
Kore Group Holdings stock decreased by 13.06% to $0.8, with a market cap of $65.8 million.
KORE's pre-market drop suggests negative investor sentiment, which may continue to affect the stock price in the short term.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 70
NEGATIVE IMPACT
NetEase stock declined by 21.29% to $82.19, with a market cap of $53.0 billion.
The sharp pre-market decline for NTES could indicate negative news or market sentiment, likely leading to a short-term downward trend in stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
comScore stock plummeted by 95.2% in pre-market trading, with a market value of their outstanding shares at $3.2 million.
The dramatic pre-market decline for SCOR is a strong negative signal, likely reflecting significant underlying issues or events that could depress the stock price further in the short term.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100
POSITIVE IMPACT
Abits Group shares moved upwards by 8.42% to $1.03, with a market cap of $36.6 million.
The pre-market increase for ABTS may attract investor attention, potentially leading to further short-term gains.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Asset Entities stock increased by 20.34% to $0.79, with a market cap of $11.1 million.
ASST's pre-market gain suggests positive sentiment among investors, which may lead to short-term price appreciation.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Brera Holdings stock rose 8.1% to $0.6, with a market cap of $6.8 million.
BREA's pre-market rise indicates some positive momentum, which may result in short-term price increases.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Lions Gate Enter shares moved upwards by 7.43% to $11.27, with a market cap of $2.6 billion.
LGF's pre-market increase may reflect investor optimism, potentially leading to further short-term price gains.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Loop Media shares rose 7.79% to $1.06, with a market cap of $74.9 million.
The pre-market gain for LPTV could suggest a positive outlook, potentially leading to short-term price appreciation.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
NextPlay Technologies stock soared by 126.0% in pre-market trading, with a market cap of $12.2 million.
The substantial pre-market gain for NXTP indicates strong investor interest, which could lead to increased trading volume and continued upward price movement in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100