12 Communication Services Stocks Moving In Thursday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's pre-market session, several Communication Services stocks showed notable movements. WiMi Hologram Cloud (WIMI) led the gainers with a 30.0% increase, while Hello Gr (MOMO) experienced the largest drop among the losers, declining by 19.6% following its Q4 earnings release. Other notable movements included Golden Matrix Group (GMGI) and VS Media Holdings (VSME) with significant gains, and HWH International (HWH) and Fangdd Network Group (DUO) among the losers.
March 14, 2024 | 1:06 pm
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POSITIVE IMPACT
Golden Matrix Group shares moved upwards by 16.38% to $3.41, with a market value of $124.8 million.
The increase in GMGI's stock price indicates positive investor sentiment or favorable market conditions for the company, which could lead to short-term price gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
VS Media Holdings stock increased by 12.87% to $0.42, with a market value of $9.2 million.
VSME's pre-market gain suggests investor optimism or positive developments for the company, potentially leading to short-term upward price movement.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
WiMi Hologram Cloud stock rose 30.0% in pre-market trading, with a market cap of $123.9 million.
The significant pre-market rise in WIMI's stock price could indicate strong investor interest or positive market sentiment towards the company, potentially leading to short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Hello Gr stock decreased by 19.6% in pre-market trading following its Q4 earnings release, with a market cap of $1.1 billion.
The drop in MOMO's stock price post-Q4 earnings suggests that the market reacted negatively to the earnings report, potentially due to missed expectations or unfavorable outlook, leading to short-term price depreciation.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90