12 Consumer Discretionary Stocks Moving In Friday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Friday's intraday session, several consumer discretionary stocks showed significant movement. Notably, Connexa Sports Techs (CNXA) surged by 65.8%, while Children's Place (PLCE) plummeted by 48%. Other notable movers include Qurate Retail (QRTEB) and Expedia Group (EXPE), with respective changes of 30.85% and -18.91%. Earnings reports influenced some of these movements, with AMMO (POWW), Expedia Group (EXPE), and Newell Brands (NWL) releasing their quarterly results.
February 09, 2024 | 5:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Expedia Group shares fell 18.91% to $129.32 after the Q4 earnings report, with a market cap of $17.9 billion.
The negative reaction to Expedia's Q4 earnings report suggests that the results did not meet investor expectations, likely leading to short-term price pressure.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
Newell Brands stock declined 16.99% to $7.01 after Q4 earnings, with a market cap of $2.9 billion.
The decline in NWL's stock price post-earnings indicates that the Q4 results likely disappointed investors, suggesting short-term bearish sentiment.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 85
NEGATIVE IMPACT
Children's Place shares dropped 48% to $10.27, with a market cap of $128.1 million.
The drastic drop in PLCE's stock price could lead to negative investor sentiment in the short term, potentially causing further declines.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
POSITIVE IMPACT
Connexa Sports Techs stock surged 65.8% to $0.42, with a market cap of $1.4 million.
The significant surge in CNXA's stock price could attract more investor interest in the short term, potentially maintaining upward momentum.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
AMMO stock rose 11.31% to $2.46 following the Q3 earnings release, with a market cap of $291.4 million.
The positive movement in POWW's stock price post-earnings suggests that the results were favorable, potentially leading to continued investor interest.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 85
POSITIVE IMPACT
Qurate Retail shares increased by 30.85% to $6.22, with a market cap of $2.4 billion.
The significant increase in QRTEB's stock price could lead to positive investor sentiment in the short term, potentially driving further gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80