12 Communication Services Stocks Moving In Tuesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's pre-market session, several communication services stocks showed significant movement. PubMatic, Snail, EverQuote, and others experienced gains, with PubMatic leading at a 37.8% increase following their Q4 earnings report. Conversely, CarGurus, Motorsport Games, and other stocks faced declines, with CarGurus dropping 12.1% after their Q4 earnings release.
February 27, 2024 | 1:06 pm
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NEGATIVE IMPACT
CarGurus stock fell 12.1% to $21.0 during Tuesday's pre-market session after their Q4 earnings were released, with a market cap of $2.3 billion.
CarGurus' stock price decline is a direct response to their Q4 earnings release, suggesting the financial results did not meet investor expectations.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
EverQuote shares rose 17.67% to $20.17, with a market cap of $679.9 million, following their Q4 earnings announcement.
EverQuote's stock price increase is likely due to positive investor reaction to their Q4 earnings report, indicating favorable financial health.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
PubMatic shares rose 37.8% to $22.84 in pre-market trading after their Q4 earnings report, with a market cap of $1.1 billion.
The significant rise in PubMatic's stock price is directly attributed to the positive reception of their Q4 earnings report, indicating strong financial performance.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90