12 Communication Services Stocks Moving In Wednesday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Wednesday's after-market session, several Communication Services stocks showed notable movements. Gainers included Moving iMage Technologies (MITQ) with an 11.8% increase, Altice USA (ATUS) rising by 11.11%, and TripAdvisor (TRIP) up by 5.25%, all following their earnings reports. Conversely, Cineverse (CNVS) led the losers with a 28.9% drop, followed by Treasure Global (TGL) decreasing by 27.59%, both also after their earnings reports.
February 14, 2024 | 9:31 pm
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POSITIVE IMPACT
Altice USA saw an 11.11% increase after its Q4 earnings report, reflecting positive market reception.
The rise in ATUS's stock price following the Q4 earnings announcement indicates a favorable investor response, likely due to earnings surpassing expectations.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Moving iMage Technologies surged 11.8% after reporting Q2 earnings, indicating positive investor response.
The significant rise in MITQ's stock price post-earnings suggests a positive investor reaction to the Q2 earnings report, potentially due to better-than-expected results.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
TripAdvisor's stock increased by 5.25% following its Q4 earnings report, signaling strong investor approval.
TripAdvisor's stock price appreciation post-Q4 earnings suggests that the earnings report was well-received by the market, possibly due to exceeding market expectations.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Cineverse's stock plummeted by 28.9% after its Q3 earnings, indicating a negative market reaction.
The sharp decline in CNVS's stock price post-Q3 earnings suggests a strongly negative investor reaction, likely due to earnings falling short of expectations.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Treasure Global experienced a 27.59% drop after its Q2 earnings report, reflecting investor disappointment.
The significant decrease in TGL's stock price following the Q2 earnings announcement indicates a negative investor response, possibly due to earnings not meeting market expectations.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90