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 notable movements. Gainers included Treasure Global, Leafly Holdings, Grindr, Mobile Global Esports, FingerMotion, and Vimeo, with increases ranging from 4.89% to 12.1%. On the losing side, Brera Holdings, Grom Social Enterprises, MediaAlpha, VS Media Holdings, GD Culture Group, and MultiMetaVerse Holdings saw declines between 4.72% and 14.4%. Grindr's rise was attributed to its Q4 earnings report.
March 08, 2024 | 1:09 pm
News sentiment analysis
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NEGATIVE IMPACT
Brera Holdings shares fell 14.4% to $1.67, with a market cap of $20.3 million.
The significant pre-market decrease in BREA's stock price suggests negative investor sentiment, likely affecting short-term performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
MediaAlpha stock declined by 7.82% to $20.05, with a market cap of $949.6 million.
The drop in MAX's stock price in pre-market trading indicates a bearish sentiment among investors, potentially leading to short-term challenges.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Grindr stock rose 10.21% to $9.6, with a market cap of $1.6 billion, following its Q4 earnings report.
Grindr's stock increase is directly linked to its Q4 earnings report, indicating strong performance and positive investor response.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95
POSITIVE IMPACT
Leafly Holdings shares increased by 11.11% to $3.0, with a market cap of $6.5 million.
The pre-market gain for LFLY suggests a bullish outlook from investors, potentially leading to further short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Treasure Global shares rose by 12.1% to $5.65, with a market cap of $6.2 million.
The significant pre-market increase in TGL's stock price indicates positive investor sentiment, likely to continue in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90