12 Communication Services Stocks Moving In Thursday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's pre-market session, several communication services stocks showed significant movement. Gainers included 36KR Holdings, Fangdd Network Group, Arena Group Holdings, Altice USA, Grom Social Enterprises, and Starbox Group Holdings with increases ranging from 7.99% to 20.3%. On the losing end, Treasure Global, Cineverse, Brera Holdings, Manchester United, VS Media Holdings, and Gamer Pakistan saw declines between 8.75% and 38.0%. Notably, Altice USA's rise followed its Q4 earnings release, while Treasure Global and Cineverse's drops were after their Q2 and Q3 earnings announcements, respectively.
February 15, 2024 | 1:06 pm
News sentiment analysis
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NEGATIVE IMPACT
Cineverse shares declined 31.92% to $1.6 after its Q3 earnings were announced, with a market cap of $20.5 million.
Cineverse's significant stock price drop post-Q3 earnings suggests the results did not meet investor expectations, likely leading to a short-term negative impact on the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 95
NEGATIVE IMPACT
Treasure Global stock plummeted 38.0% to $0.1 after its Q2 earnings announcement, with a market cap of $6.8 million.
The sharp decline in Treasure Global's stock price following its Q2 earnings release indicates negative investor reaction, likely due to disappointing results, impacting the stock negatively in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 95
POSITIVE IMPACT
Altice USA's stock rose 11.61% to $2.41, following its Q4 earnings release. The company's market cap is at $1.0 billion.
The positive reaction to Altice USA's Q4 earnings suggests the results were favorable, likely driving short-term investor confidence and stock price increase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 95
POSITIVE IMPACT
36KR Holdings shares surged 20.3% in pre-market trading, with a market value of $15.5 million.
The significant pre-market increase in 36KR Holdings' stock price suggests positive investor sentiment, potentially leading to short-term upward momentum.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90