12 Consumer Discretionary Stocks Moving In Tuesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's pre-market session, several consumer discretionary stocks experienced significant movements. MGO Global (MGOL) led the gainers with a 15.5% rise, while SRIVARU Holding (SVMH) saw the largest decline among the losers, dropping 21.9%. Other notable gainers included U Power (UCAR), Carrols Restaurant Group (TAST), Kaixin Auto Hldgs (KXIN), Volcon (VLCN), and ECD Automotive Design (ECDA). Among the losers were Tarena International (TCTM), Zapp Electric Vehicles (ZAPP), E-Home Household Service (EJH), Allied Gaming (AGAE), and Forza X1 (FRZA).
January 16, 2024 | 1:06 pm
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NEGATIVE IMPACT
SRIVARU Holding shares declined by 21.9% to $0.26, with a market value of $9.5 million.
The sharp pre-market decline in SVMH's stock price could reflect negative news or investor sentiment, likely leading to a short-term decrease in the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
ECD Automotive Design shares rose 6.45% to $1.32, with a market cap of $34.1 million.
ECD Automotive Design's pre-market gain could indicate investor optimism, potentially leading to a short-term positive impact on the stock price.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 70
POSITIVE IMPACT
Kaixin Auto Hldgs shares moved upwards by 7.9% to $0.68, with a market cap of $18.1 million.
KXIN's pre-market gain suggests investor confidence, which may lead to a short-term positive trend in the stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
MGO Global stock rose 15.5% to $0.83, with a market cap of $11.7 million.
The significant pre-market rise in MGOL's stock price suggests positive investor sentiment, which could lead to a short-term upward trend in the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Carrols Restaurant Group stock increased by 12.7% to $9.49, with a market cap of $517.1 million.
The pre-market rise for TAST indicates positive momentum that could carry into the regular trading session, potentially boosting the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80
POSITIVE IMPACT
U Power shares rose 14.93% to $0.15, with a market cap of $9.2 million.
U Power's notable pre-market increase could attract more attention from investors, potentially leading to further short-term gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Volcon shares moved upwards by 7.23% to $0.11, with a market value of $1.4 million.
Volcon's pre-market increase could be a sign of growing investor interest in the EV sector, potentially leading to short-term gains.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 70