12 Communication Services Stocks Moving In Wednesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Wednesday's pre-market session, several Communication Services stocks showed significant movements. Notably, Brera Holdings (BREA) surged 215.5%, while Phoenix New Media (FENG) and Fangdd Network Group (DUO) also saw substantial gains. On the downside, Starbox Group Holdings (STBX) and MoneyHero (MNY) experienced declines. Earnings releases influenced some of these movements, with Treasure Global (TGL) and Angi (ANGI) reporting their Q2 and Q4 earnings, respectively.
February 14, 2024 | 1:06 pm
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POSITIVE IMPACT
Angi's shares rose 12.34% to $2.73 following their Q4 earnings release, with a market cap of $1.3 billion.
ANGI's stock price increase post-Q4 earnings suggests positive investor response to the company's financial performance, potentially leading to more short-term gains.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Brera Holdings surged 215.5% in pre-market trading, with a market cap of $39.5 million.
The substantial surge in BREA's stock price could attract more investors, potentially leading to short-term price volatility.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Fangdd Network Group's shares increased by 18.09% to $0.65, with a market cap of $2.4 million.
DUO's stock price rise could indicate a positive market reaction to company-specific news or broader sector movements, suggesting potential short-term growth.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Phoenix New Media's shares increased by 31.66% to $1.58, with a market cap of $19.1 million.
The significant increase in FENG's stock price indicates positive investor sentiment, which could lead to further short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Treasure Global shares moved upwards by 14.14% to $0.11 after Q2 earnings release, with a market cap of $7.8 million.
The positive movement in TGL's stock price following its Q2 earnings release suggests that the market has reacted favorably to the financial results, indicating potential for further short-term appreciation.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
MoneyHero shares decreased by 5.18% to $1.65, with a market cap of $63.5 million.
MNY's stock price decrease could reflect negative investor sentiment or reactions to recent company developments, indicating potential short-term risk.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Starbox Group Holdings stock fell 6.8% to $0.32, with a market cap of $26.6 million.
The decline in STBX's stock price could indicate negative market sentiment or reaction to company-specific news, suggesting potential short-term downside.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70