12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Friday's pre-market session, several consumer discretionary stocks showed significant movement. Wayfair (W) shares rose by 15.1%, while iRobot (IRBT) shares saw a sharp decline of 34.6%. Other notable gainers included Kirkland's (KIRK), Kidpik (PIK), BowFlex (BFX), and Allbirds (BIRD). On the losing side, JX Luxventure (JXJT), Vision Marine (VMAR), Chijet Motor Co (CJET), Super Group (SGHC), and Volcon (VLCN) experienced declines.
January 19, 2024 | 1:06 pm
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NEGATIVE IMPACT
Chijet Motor Co stock decreased by 7.93% in pre-market trading, which could signal a bearish trend for the day.
Pre-market declines can be indicative of a negative outlook for the stock during the upcoming trading session.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
iRobot shares plummeted by 34.6% in pre-market trading, which could indicate a strong negative sentiment among investors.
Such a steep decline in pre-market often precedes further sell-offs as the market opens, reflecting investor concerns.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
JX Luxventure shares fell by 24.39% in pre-market trading, indicating potential negative sentiment from investors.
A sharp decline in pre-market trading could lead to a negative trend as the market opens, reflecting bearish investor sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Super Group shares declined by 6.03% in pre-market trading, potentially indicating a negative start to the trading day.
A pre-market decline could suggest that the stock will face downward pressure as the market opens.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 70
NEGATIVE IMPACT
Volcon stock fell 5.04% in pre-market trading, which may reflect investor concerns or profit-taking.
The decline in pre-market could indicate a bearish sentiment or a reaction to recent company developments.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Vision Marine's shares decreased by 9.04% in pre-market trading following their Q1 earnings release three days ago.
Post-earnings declines can often continue as investors fully digest the results, potentially leading to further short-term downside.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
BowFlex stock saw a 9.34% increase in pre-market trading, which may attract investor attention during the regular session.
Pre-market gains can often lead to continued positive performance throughout the day, especially in the consumer discretionary sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Allbirds shares increased by 9.07% in pre-market trading, potentially signaling a positive day ahead for the stock.
The pre-market increase could reflect growing investor confidence, possibly leading to a strong market performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Kirkland's stock increased by 10.31% in pre-market trading, suggesting a positive reaction from investors.
A double-digit percentage rise in pre-market can lead to a strong opening and potentially a positive trading day.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Kidpik's shares rose by 9.96% in pre-market trading, indicating investor interest may be increasing.
A significant pre-market rise could lead to further gains as the market opens, though the company's small market cap may add volatility.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Wayfair's stock rose by 15.1% in pre-market trading, indicating a positive start to the trading session.
A significant pre-market increase often leads to continued momentum in the regular session, attracting investor interest.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100