11 Communication Services Stocks Moving In Thursday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's pre-market session, several communication services stocks experienced significant movements. Gainers included GD Culture Group, VS Media Holdings, Hanryu Holdings, Moving iMage Technologies, Starbox Group Holdings, and Altice USA, with increases ranging from 6.55% to 19.2%. Conversely, Baosheng Media Group, Asset Entities, Mobile Global Esports, Society Pass, and NextPlay Technologies saw their shares decline between 4.77% and 10.1%.

December 28, 2023 | 1:07 pm
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POSITIVE IMPACT
Altice USA's shares rose by 6.55% to $3.25, with a market cap of $1.4 billion.
ATUS's notable pre-market increase could lead to a positive short-term impact on its stock price, given its larger market cap compared to others.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
GD Culture Group's stock rose 19.2% to $2.98, with a market cap of $13.3 million.
The significant pre-market increase in GDC's stock price suggests positive investor sentiment, which could lead to a short-term uptrend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Hanryu Holdings' shares increased by 8.46% to $0.97, with a market cap of $51.2 million.
HRYU's pre-market rise may attract investor interest, potentially leading to a short-term positive impact on its stock price.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 90
POSITIVE IMPACT
Moving iMage Technologies' shares rose by 8.43% to $1.03, with a market cap of $11.0 million.
MITQ's stock price increase in pre-market trading could suggest a positive short-term trajectory for the stock.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 90
POSITIVE IMPACT
Starbox Group Holdings' shares increased by 6.66% to $0.32, with a market cap of $23.0 million.
The pre-market uptick for STBX could indicate a short-term positive momentum for the stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 90
POSITIVE IMPACT
VS Media Holdings' stock increased by 11.96% to $0.45, with a market cap of $9.9 million.
The pre-market gain for VSME indicates a bullish short-term outlook, potentially due to investor optimism.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 90
NEGATIVE IMPACT
Asset Entities' shares decreased by 9.08% to $0.54, with a market cap of $7.5 million.
ASST's stock price drop in pre-market trading could indicate a bearish short-term outlook for the stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 90
NEGATIVE IMPACT
Baosheng Media Group's shares fell 10.1% to $3.85, with a market cap of $5.9 million.
The pre-market decline in BAOS's stock price suggests negative investor sentiment, which could lead to a short-term downtrend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Mobile Global Esports' shares declined by 7.93% to $0.39, with a market cap of $7.8 million.
MGAM's pre-market decline may reflect investor concerns, potentially leading to a negative short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 90
NEGATIVE IMPACT
NextPlay Technologies' stock decreased by 4.77% to $2.4, with a market cap of $14.3 million.
NXTP's pre-market decline indicates potential negative sentiment among investors, possibly affecting the stock negatively in the short term.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 90
NEGATIVE IMPACT
Society Pass' shares fell by 6.49% to $0.3, with a market cap of $8.7 million.
The pre-market drop for SOPA could suggest a bearish short-term trend for the stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 90