12 Communication Services Stocks Moving In Monday's Intraday Session
Portfolio Pulse from Benzinga Insights
During Monday's intraday session, several communication services stocks experienced significant movements. NextPlay Technologies (NXTP) saw a dramatic increase of 213.8%, while NetEase (NTES) led the losers with a 16.0% drop. Other notable gainers include Society Pass (SOPA), Asset Entities (ASST), Brera Holdings (BREA), Oriental Culture Holding (OCG), and System1 (SST). On the losing side, HUYA (HUYA), AdTheorent Holding (ADTH), Gamer Pakistan (GPAK), LQR House (LQR), and Sohu.com (SOHU) also saw declines.
December 25, 2023 | 5:30 pm
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NEGATIVE IMPACT
AdTheorent Holding shares fell by 9.94% to $1.36, with a market cap of $120.0 million.
ADTH's stock price drop suggests a negative reaction from the market, which could lead to further short-term declines.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Gamer Pakistan stock decreased by 9.31% to $0.38, with a market cap of $9.5 million.
GPAK's decline in stock price could indicate negative investor sentiment, potentially leading to further short-term downward movement.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
HUYA stock fell by 10.61% to $3.25, with a market cap of $772.0 million.
HUYA's decline could reflect negative market sentiment or a response to unfavorable news, which may continue to affect the stock in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
LQR House shares dropped by 8.92% to $4.04, with a market cap of $13.5 million.
LQR's stock price decrease could be due to negative market sentiment, which may continue to impact the stock in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NetEase shares fell sharply by 16.0% to $87.74, with a market cap of $56.5 billion.
The significant drop in NTES's stock price indicates negative market sentiment or a response to adverse news, which could result in continued short-term downward pressure on the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Sohu.com stock fell by 8.07% to $9.01, with a market cap of $303.9 million.
SOHU's stock price decline suggests a negative market reaction, which could lead to further short-term declines.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Asset Entities shares rose by 20.3% to $0.79, with a market cap of $11.1 million.
ASST's significant gain could indicate positive investor sentiment, potentially leading to further short-term gains, but the stock may be subject to volatility.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Brera Holdings stock climbed by 18.91% to $0.66, with a market cap of $7.5 million.
BREA's stock price increase could lead to short-term interest from traders, although the small market cap may result in higher volatility.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NextPlay Technologies shares soared by 213.8% to $2.84, with a market cap of $16.9 million.
The substantial increase in NXTP's stock price suggests a very positive market reaction, likely due to a significant event or announcement, which could lead to continued short-term bullish behavior.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Oriental Culture Holding stock increased by 17.64% to $1.2, with a market cap of $5.0 million.
OCG's rise in stock price could be a sign of positive market sentiment, potentially leading to short-term trading opportunities, but the stock's low market cap suggests potential volatility.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Society Pass stock increased by 26.87% to $0.33, with a market cap of $9.5 million.
SOPA's notable rise could attract investor interest, potentially leading to short-term momentum, but the small market cap suggests higher volatility.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
System1 shares increased by 16.94% to $2.83, with a market cap of $185.7 million.
SST's stock price increase suggests positive investor sentiment, which could lead to further short-term gains, but as a smaller cap company, it may face volatility.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80