11 Communication Services Stocks Moving In Tuesday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's after-market session, several communication services stocks experienced notable movements. Gainers included NFT (MI), Fangdd Network Group (DUO), VS Media Holdings (VSME), Oriental Culture Holding (OCG), Leafly Holdings (LFLY), and Iridium Comms (IRDM), with increases ranging from 2.94% to 8.6%. On the losing side, Pop Culture Gr (CPOP), MediaAlpha (MAX), Hanryu Holdings (HRYU), TrueCar (TRUE), and Gaxos.AI (GXAI) saw declines between 3.67% and 19.1%. Notably, Iridium Comms, MediaAlpha, and TrueCar had recent Q4 earnings reports.
February 20, 2024 | 9:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Pop Culture Gr (CPOP) stock fell 19.1% to $5.82, with a market value of $14.1 million.
The significant drop in CPOP's stock price indicates negative investor sentiment, likely leading to short-term bearish trends.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Gaxos.AI (GXAI) shares fell 3.67% to $0.6, with a market cap of $7.1 million.
GXAI's after-market drop suggests negative investor sentiment, potentially leading to short-term bearish trends.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 90
NEGATIVE IMPACT
Hanryu Holdings (HRYU) shares fell 4.99% to $0.44, with a market value of $23.2 million.
HRYU's after-market decline indicates negative investor sentiment, likely affecting its short-term stock performance negatively.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 90
NEGATIVE IMPACT
MediaAlpha (MAX) stock declined by 5.07% to $15.0, with a market value of $709.2 million. Q4 earnings were released today.
MAX's decline following its Q4 earnings release suggests a negative market reaction, potentially leading to further short-term declines.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 95
NEGATIVE IMPACT
TrueCar (TRUE) shares decreased by 4.51% to $3.5, with a market cap of $317.7 million. Q4 earnings report was released today.
TRUE's decline after its Q4 earnings announcement suggests a negative market response, likely leading to short-term stock price pressure.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 95
POSITIVE IMPACT
Fangdd Network Group (DUO) stock increased by 6.18% to $0.65, with a market cap of $2.4 million.
The increase in DUO's stock price indicates a positive market reaction, likely to influence short-term performance positively.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 90
POSITIVE IMPACT
Iridium Comms (IRDM) stock moved upwards by 2.94% to $30.07, with a market value of $3.6 billion. Q4 earnings were released 3 days ago.
IRDM's recent Q4 earnings and subsequent stock increase suggest a positive market response, likely leading to short-term bullish behavior.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 95
POSITIVE IMPACT
Leafly Holdings (LFLY) stock rose 3.19% to $3.88, with a market cap of $8.4 million.
LFLY's after-market increase could reflect positive investor sentiment, potentially leading to short-term stock gains.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 90
POSITIVE IMPACT
NFT (MI) stock increased by 8.6% to $0.19, with a market value of $6.6 million.
The significant after-market increase suggests positive investor sentiment, potentially leading to short-term gains.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 90
POSITIVE IMPACT
Oriental Culture Holding (OCG) stock increased by 3.31% to $2.05, with a market value of $8.6 million.
OCG's positive movement in after-market trading could indicate short-term bullish sentiment among investors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 90
POSITIVE IMPACT
VS Media Holdings (VSME) shares rose 4.99% to $0.58, with a market cap of $12.7 million.
VSME's after-market rise suggests investor optimism, potentially leading to further short-term appreciation.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 90