12 Communication Services Stocks Moving In Thursday's Intraday Session
Portfolio Pulse from Benzinga Insights
During Thursday's intraday session, several communication services stocks experienced significant movements. Arena Group Holdings (AREN) saw a 22.2% increase, while Charge Enterprises (CRGE) rose by 14.19%. Zedge (ZDGE) and CuriosityStream (CURI) also saw gains of 11.58% and 10.95%, respectively. Lumen Technologies (LUMN) increased by 8.51%. Conversely, VS Media Holdings (VSME) dropped by 21.6%, FaZe Holdings (FAZE) by 14.16%, and other companies like Asset Entities (ASST), Gamer Pakistan (GPAK), NextPlay Technologies (NXTP), and Brera Holdings (BREA) also saw declines.
January 25, 2024 | 5:31 pm
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POSITIVE IMPACT
Arena Group Holdings' stock rose by 22.2% to $1.1, with a market cap of $26.2 million.
The significant intraday rise in AREN's stock price suggests positive investor sentiment or reaction to company-specific news, which could lead to short-term momentum.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Charge Enterprises' shares increased by 14.19% to $0.17, with a market cap of $36.1 million.
CRGE's stock price movement indicates a positive development for the company, potentially attracting short-term investor interest.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 90
POSITIVE IMPACT
CuriosityStream's stock rose by 10.95% to $0.62, with a market cap of $32.8 million.
CURI's stock appreciation suggests a favorable investor response, potentially due to company news or sector movements, affecting short-term performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 90
POSITIVE IMPACT
Lumen Technologies' shares increased by 8.51% to $1.47, with a market cap of $1.4 billion.
LUMN's positive stock movement could reflect investor optimism or positive news, likely to influence short-term trading.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 90
POSITIVE IMPACT
Zedge's stock increased by 11.58% to $2.6, with a market cap of $37.3 million.
The rise in ZDGE's stock price could be indicative of market approval of recent company actions or news, likely to have a positive short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 90
NEGATIVE IMPACT
Asset Entities' stock declined by 10.79% to $0.4, with a market cap of $5.5 million.
The decrease in ASST's stock price may reflect adverse investor reaction to company-specific events, likely affecting its short-term outlook.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 90
NEGATIVE IMPACT
Brera Holdings' stock fell by 8.8% to $1.97, with a market cap of $22.8 million.
BREA's stock price decrease may indicate underlying issues or a negative market response, likely affecting its short-term price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 90
NEGATIVE IMPACT
FaZe Holdings' shares decreased by 14.16% to $0.3, with a market cap of $23.2 million.
FAZE's stock price decline could be due to negative news or market reactions, potentially affecting short-term investor sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 90
NEGATIVE IMPACT
Gamer Pakistan's stock fell by 9.93% to $0.25, with a market cap of $6.3 million.
GPAK's stock decline may be a result of negative sentiment or unfavorable news, with potential short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 90
NEGATIVE IMPACT
NextPlay Technologies' stock fell by 9.48% to $1.56, with a market cap of $9.2 million.
The drop in NXTP's stock price could suggest investor dissatisfaction or bearish market trends, potentially influencing its short-term trajectory.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 90
NEGATIVE IMPACT
VS Media Holdings' stock fell by 21.6% to $0.51, with a market cap of $11.1 million.
The sharp decline in VSME's stock price suggests negative market sentiment or disappointing company developments, likely to impact short-term performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90