12 Consumer Discretionary Stocks Moving In Wednesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Wednesday's pre-market session, several consumer discretionary stocks experienced significant movements. Purple Innovation (PRPL) saw a 16.4% increase, Allurion Technologies (ALUR) rose by 12.98%, and Dogness (DOGZ) went up by 10.5%. TAL Education (TAL) increased by 10.28%, Interactive Strength (TRNR) by 9.02%, and Chijet Motor Co (CJET) by 8.47%. On the downside, Phoenix Motor (PEV) dropped by 7.8%, SRIVARU Holding (SVMH) by 6.59%, U Power (UCAR) by 4.6%, Tilly's (TLYS) by 3.45%, Solid Power (SLDP) by 3.36%, and Cenntro Electric Gr (CENN) by 3.21%.
January 24, 2024 | 1:06 pm
News sentiment analysis
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NEGATIVE IMPACT
Cenntro Electric Gr stock decreased by 3.21% to $1.21 with a market cap of $36.8 million.
The drop in pre-market trading could lead to a negative start to the trading day, potentially affecting the stock's short-term price.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 90
NEGATIVE IMPACT
Phoenix Motor stock decreased by 7.8% in pre-market trading with a market cap of $27.8 million.
The decline in pre-market could reflect negative investor sentiment, potentially leading to a decrease in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
Solid Power shares fell 3.36% to $1.44 with a market value of $256.9 million.
The pre-market fall could suggest that the stock may continue to face downward pressure as the day progresses.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
SRIVARU Holding stock fell 6.59% to $0.23 with a market value of $8.5 million.
The pre-market drop suggests potential selling pressure that may continue as the market opens.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Tilly's stock fell 3.45% to $7.29 with a market value of $218.5 million.
The pre-market decrease may indicate a lack of investor confidence, which could negatively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
U Power stock declined by 4.6% to $0.11 with a market value of $7.1 million.
The negative pre-market movement could be a sign of bearish sentiment, possibly leading to further declines.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 90
POSITIVE IMPACT
Allurion Technologies shares increased by 12.98% in pre-market trading with a market cap of $165.2 million.
The pre-market rise suggests a bullish outlook for the stock, potentially leading to a short-term uptrend.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Chijet Motor Co shares rose by 8.47% to $0.6 with a market cap of $96.2 million.
The pre-market gain could indicate a bullish sentiment that may positively impact the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 90
POSITIVE IMPACT
Dogness shares climbed 10.5% in pre-market trading with a market value of their outstanding shares at $7.2 million.
The pre-market increase may attract more investors, potentially driving the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Purple Innovation shares surged 16.4% in pre-market trading with a market cap of $100.8 million.
The significant pre-market gain indicates positive investor sentiment, which could lead to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
TAL Education stock rose 10.28% to $12.01 with a market value of $7.6 billion.
The notable increase in pre-market trading could lead to further gains as the market opens.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Interactive Strength shares increased by 9.02% in pre-market trading with a market cap of $12.4 million.
The pre-market movement indicates a positive trend that could continue into the regular trading session.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 90