12 Consumer Discretionary Stocks Moving In Friday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Friday's intraday session, several consumer discretionary stocks experienced significant movements. Kirkland's (KIRK) saw a 13.5% increase, while iRobot (IRBT) faced a steep decline of 28.2%. Other notable gainers included Allied Gaming (AGAE), Codere Online Luxembourg (CDRO), Lanvin Group Hldgs (LANV), Wayfair (W), and Hall Of Fame Resort (HOFV). On the losing side, in addition to iRobot, were Singing Machine Co (MICS), Polished.com (POL), Mullen Automotive (MULN), Vision Marine (VMAR), and JX Luxventure (JXJT). Vision Marine's drop followed their Q1 earnings release three days prior.
January 19, 2024 | 5:31 pm
News sentiment analysis
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NEGATIVE IMPACT
iRobot shares fell sharply by 28.2% to $16.95, with a market cap of $472.3 million.
A drop of this magnitude typically indicates a strong negative reaction from the market, possibly due to underlying issues or broader market trends.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
JX Luxventure shares decreased by 11.66% to $1.18, with a market cap of $7.1 million.
The decline in share price could be a sign of negative investor sentiment, which may affect the stock's short-term trajectory.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Singing Machine Co shares fell by 13.12% to $0.72, with a market cap of $4.6 million.
The decline may continue if the negative sentiment persists, affecting the stock's short-term performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Mullen Automotive stock decreased by 13.0% to $7.81, with a market cap of $45.9 million.
The significant drop may reflect investor skepticism or a negative reaction to company or market news.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Polished.com shares declined by 13.07% to $5.56, with a market cap of $11.7 million.
The stock's downturn could indicate a bearish outlook, potentially leading to more short-term selling pressure.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Vision Marine stock fell by 12.77% to $0.7 following their Q1 earnings release, with a market cap of $8.1 million.
The drop after the Q1 earnings release suggests the results did not meet market expectations, potentially leading to a negative short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Allied Gaming's shares increased by 12.04% to $1.04, with a market cap of $38.3 million.
The stock's rise could attract more attention in the short term, potentially leading to further gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Codere Online Luxembourg shares rose by 11.81% to $3.69, with a market cap of $167.1 million.
The upward movement indicates investor confidence, which may continue to drive the stock in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Hall Of Fame Resort stock rose by 9.3% to $3.64, with a market cap of $23.4 million.
The increase in stock price could be a sign of investor optimism, potentially leading to more gains in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Kirkland's stock rose by 13.5% to $2.86, with a market cap of $36.9 million.
The significant intraday rise in stock price suggests positive investor sentiment, which could lead to short-term momentum.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Lanvin Group Hldgs stock increased by 9.63% to $2.39, with a market cap of $313.9 million.
The stock's performance may suggest a positive outlook, possibly leading to further short-term appreciation.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Wayfair's stock saw a 9.54% increase to $55.76, with a market cap of $6.5 billion.
As a larger cap company, Wayfair's stock movement is notable and could suggest a positive trend or recovery.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80