12 Communication Services Stocks Moving In Wednesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Wednesday's pre-market session, several communication services stocks experienced significant movements. Gainers included Society Pass, Starbox Group Hldgs, 36KR Holdings, Charge Enterprises, Hanryu Holdings, and Outbrain, with increases ranging from 6.34% to 8.8%. Conversely, Global Mofy Metaverse, Nextdoor Holdings, Tencent Music Enter Gr, Arena Group Holdings, Salem Media Group, and Baidu saw their stock prices decline between 4.69% and 9.2%.
January 17, 2024 | 1:06 pm
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NEGATIVE IMPACT
Arena Group Holdings stock fell 4.81% to $1.19, with a market cap of $28.3 million.
The pre-market decrease in Arena Group Holdings' stock price could foreshadow a bearish short-term movement.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Baidu stock fell 4.69% to $99.6, with a market cap of $34.8 billion.
Baidu's pre-market stock price decline suggests potential short-term bearishness for the stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Global Mofy Metaverse stock fell 9.2% to $2.76, with a market cap of $78.7 million.
The significant pre-market drop in Global Mofy Metaverse's stock price could indicate a bearish short-term trend.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Nextdoor Holdings shares fell 7.06% to $1.45, with a market cap of $558.4 million.
The pre-market decline for Nextdoor Holdings may suggest a negative short-term impact on its stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Salem Media Group shares decreased by 4.79% to $0.32, with a market cap of $8.6 million.
The decline in Salem Media Group's shares in pre-market trading may negatively affect its stock price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Tencent Music Enter Gr stock fell 4.89% to $8.57, with a market cap of $14.7 billion.
The drop in Tencent Music's stock price in pre-market trading may lead to a short-term negative price trend.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Charge Enterprises shares increased by 7.96% to $0.17, with a market cap of $37.6 million.
The pre-market gain for Charge Enterprises suggests a potential short-term uptrend in its stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Hanryu Holdings shares rose 6.61% to $0.72, with a market cap of $38.0 million.
The rise in Hanryu Holdings' stock price could suggest a short-term bullish trend.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
36KR Holdings shares rose 8.3% to $0.6 with a market cap of $23.3 million.
The increase in 36KR Holdings' shares may lead to a positive short-term price movement due to investor optimism.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Outbrain stock increased by 6.34% to $4.19, with a market cap of $210.1 million.
Outbrain's pre-market stock price increase may lead to a positive short-term price movement.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Society Pass shares rose 8.8% to $0.26 in pre-market trading with a market cap of $8.5 million.
The pre-market gain for Society Pass suggests positive investor sentiment which may lead to a short-term price increase.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Starbox Group Hldgs shares increased by 8.65% to $0.26, with a market cap of $18.6 million.
The pre-market rise for Starbox Group Hldgs indicates a bullish short-term outlook for the stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80