12 Communication Services Stocks Moving In Monday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Monday's intraday session, several Communication Services stocks experienced significant movements. Gaxos.AI, Pop Culture Gr, MoneyHero, WiMi Hologram Cloud, Zedge, and MultiMetaVerse Holdings were among the gainers with notable percentage increases in their stock prices. On the downside, Roku, Telephone and Data, 9F, United States Cellular, Yelp, and Charge Enterprises saw substantial declines. The movements were largely attributed to recent earnings reports for some companies.
February 19, 2024 | 5:30 pm
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NEGATIVE IMPACT
Roku shares fell 24.0% to $71.83, with a market cap of $10.2 billion. The decline followed the company's Q4 earnings report.
The sharp decline in ROKU's stock price post-earnings suggests a negative market reaction, likely leading to further short-term downward pressure.
CONFIDENCE 85
IMPORTANCE 95
RELEVANCE 100
NEGATIVE IMPACT
Telephone and Data shares fell 23.7% to $14.07, with a market cap of $1.5 billion, following its Q4 earnings report.
TDS's stock price drop post-earnings indicates a negative investor response, likely affecting its stock negatively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Pop Culture Gr stock increased by 104.51% to $2.72, with a market cap of $6.6 million.
CPOP's significant stock price increase could lead to increased investor interest, potentially boosting its stock further in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Gaxos.AI stock surged 169.6% to $0.69, with a market cap of $8.1 million.
The significant surge in GXAI's stock price could attract more investors, potentially leading to a short-term positive momentum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100