12 Communication Services Stocks Moving In Friday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Friday's pre-market session, several communication services stocks showed significant movement. Grom Social Enterprises, Nextdoor Holdings, Brera Holdings, NFT, Frontier Communications, and Gaxos.AI were among the gainers, with Frontier Communications reporting Q4 earnings. On the losing side, Charge Enterprises, BuzzFeed, Collective Audience, MoneyHero, Gamer Pakistan, and Warner Bros. Discovery experienced declines, with Warner Bros. Discovery also reporting Q4 earnings.
February 23, 2024 | 1:06 pm
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POSITIVE IMPACT
Frontier Communications rose 6.28% in pre-market after releasing Q4 earnings.
The rise in stock price following the Q4 earnings announcement indicates a positive investor response to the financial results.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Grom Social Enterprises shares surged 26.9% in pre-market trading.
The significant pre-market increase suggests positive investor sentiment, potentially due to speculative trading or recent company developments.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Charge Enterprises shares plummeted 45.1% in pre-market trading.
The drastic decline suggests negative market sentiment or reactions to recent company news or sector-related developments.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Warner Bros. Discovery fell 5.24% in pre-market after Q4 earnings were announced.
The decline post-Q4 earnings suggests the market's negative reaction to the financial results or future outlook provided by the company.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90