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 saw significant movements. Gray Television, Collective Audience, Treasure Global, Chicken Soup for the Soul, Starbox Group Holdings, and Lumen Technologies were among the gainers, with Gray Television leading with a 10.5% increase. On the downside, Snap, Loop Media, Charge Enterprises, Pinterest, Scienjoy Holding, and Asset Entities experienced declines, with Snap facing the steepest drop of 31.8%. Notably, Lumen Technologies, Snap, and Loop Media released their earnings reports.
February 06, 2024 | 9:31 pm
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POSITIVE IMPACT
Gray Television shares surged 10.5% in after-market trading, reaching $9.7 with a market cap of $925.9 million.
The significant after-market increase in Gray Television's stock price suggests positive investor sentiment, potentially due to favorable market conditions or company-specific news not detailed in the article.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Lumen Technologies' stock rose 2.96% to $1.39 after the release of their Q4 earnings, with a market cap of $1.4 billion.
The increase in Lumen Technologies' stock price following their Q4 earnings report indicates a positive market reaction to the financial results, suggesting the earnings may have exceeded market expectations.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95
NEGATIVE IMPACT
Loop Media's stock fell 11.29% to $0.61 after announcing their Q1 earnings, with a market cap of $43.3 million.
The decline in Loop Media's stock price following their Q1 earnings announcement indicates that the financial results may have not met investor expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Snap shares plummeted 31.8% to $11.9 after their Q4 earnings release, with a market cap of $19.5 billion.
The sharp decline in Snap's stock price post-Q4 earnings suggests the results were below market expectations, leading to negative investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95