12 Communication Services Stocks Moving In Thursday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Thursday's intraday session, notable movements were observed in the Communication Services sector. Lytus Technologies Holdings led the gainers with a 582.2% increase, while Hanryu Holdings experienced the largest drop among the losers, declining by 15.6%. John Wiley & Sons reported Q3 earnings, contributing to an 11.11% rise in its stock price. Similarly, comScore and Entravision Communications reported their Q4 earnings, influencing their stock movements.
March 07, 2024 | 5:31 pm
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NEGATIVE IMPACT
Entravision Communications shares decreased by 8.66% to $1.64 after their Q4 earnings, with a market cap of $143.8 million.
Stocks often decline after earnings reports if the results or future guidance don't meet investor expectations.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
comScore shares declined by 8.79% to $17.23 after their Q4 earnings were released, with a market cap of $81.9 million.
Negative reactions to earnings reports can lead to a decrease in stock price as investor confidence wanes.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Lytus Technologies Holdings shares surged 582.2% to $15.76, with a market cap of $24.6 million.
The massive surge in LYT's stock price could attract more investor attention in the short term, potentially maintaining upward momentum.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
John Wiley & Sons shares increased by 11.11% to $36.8 following their Q3 earnings report, with a market cap of $2.0 billion.
Positive earnings reports typically lead to increased investor confidence and can drive stock prices up in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90