12 Communication Services Stocks Moving In Tuesday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's after-market session, several communication services stocks experienced significant movements. Lytus Technologies Holdings (LYT) saw a 34.0% increase, while Alphabet (GOOGL) dropped 4.24% after Q4 earnings were released. Other gainers included DouYu Intl Holdings (DOYU), Grom Social Enterprises (GROM), Gaxos.AI (GXAI), Cinemark Holdings (CNK), and MoneyHero (MNY). Conversely, Motorsport Games (MSGM), Mobile Global Esports (MGAM), IZEA Worldwide (IZEA), Asset Entities (ASST), and NextPlay Technologies (NXTP) were among the losers.
January 30, 2024 | 9:31 pm
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POSITIVE IMPACT
Cinemark Holdings shares increased by 3.73% to $14.45, with a market cap of $1.7 billion.
The rise in Cinemark's stock price could suggest a positive trend for the entertainment industry, potentially leading to further short-term increases.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80
POSITIVE IMPACT
DouYu Intl Holdings stock rose 5.94% to $0.83, with a market cap of $264.4 million.
The after-market rise could attract more attention to the stock, potentially leading to further short-term gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Grom Social Enterprises stock increased by 4.98% to $0.85, with a market cap of $1.6 million.
The positive movement indicates investor interest, which may lead to further short-term price increases.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Gaxos.AI shares rose 3.82% to $0.23, with a market cap of $2.7 million.
The increase in share price may indicate a positive investor outlook, potentially leading to more short-term gains.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Lytus Technologies Holdings stock jumped 34.0% to $0.11, with a market cap of $4.3 million.
The significant after-market gain suggests positive investor sentiment which could lead to a short-term continuation of this upward trend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
MoneyHero shares rose 1.98% to $1.03, with a market cap of $39.6 million.
The modest increase suggests some investor interest, which might lead to further short-term price appreciation.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 70
NEGATIVE IMPACT
Asset Entities shares fell 4.88% to $0.39, with a market cap of $5.4 million.
The negative movement could suggest a lack of investor confidence, possibly leading to further short-term declines.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Alphabet stock fell 4.24% to $145.05 after Q4 earnings, with a market cap of $1.8 trillion.
The decline in stock price following the Q4 earnings release indicates a negative market reaction to the financial results, which could persist in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
IZEA Worldwide stock declined by 4.88% to $1.95, with a market cap of $30.1 million.
The decline may indicate a bearish outlook from investors, potentially leading to more short-term selling pressure.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Mobile Global Esports stock fell 4.99% to $0.26, with a market cap of $5.3 million.
The decrease in price may continue in the short term, reflecting the current negative investor sentiment.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Motorsport Games stock declined by 5.4% to $2.45, with a market cap of $6.6 million.
The after-market decline could reflect negative sentiment, possibly leading to further short-term downside.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
NextPlay Technologies shares decreased by 4.87% to $1.17, with a market cap of $6.9 million.
The drop in price may reflect investor concerns, which could lead to further short-term downward movement.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70