12 Communication Services Stocks Moving In Thursday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Thursday's intraday session, several Communication Services stocks experienced significant movements. WiMi Hologram Cloud (WIMI) led the gainers with a 28.2% increase, while Hello Gr (MOMO) saw the largest decline among the losers, dropping 24.4%. Notably, Cheer Holding (CHR) and AdTheorent Holding (ADTH) released their financial earnings, influencing their stock movements.
March 14, 2024 | 5:31 pm
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NEGATIVE IMPACT
Hello Gr stock declined by 24.4% to $5.8 after releasing its Q4 earnings.
The sharp decline in MOMO's stock price post-earnings suggests a negative market reaction, potentially leading to further short-term downside.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
AdTheorent Holding stock increased by 9.42% to $3.6, following its Q4 earnings release two days ago.
ADTH's recent earnings report appears to have positively influenced its stock price, suggesting continued investor interest.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 85
POSITIVE IMPACT
Cheer Holding shares rose 14.17% to $2.9 following the release of FY earnings.
The positive reaction to CHR's FY earnings suggests investor confidence, likely leading to short-term price support.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 85
POSITIVE IMPACT
WiMi Hologram Cloud stock rose 28.2% to $1.41, with a market cap of $122.2 million.
The significant rise in WIMI's stock price could attract more investor interest in the short term, potentially maintaining upward momentum.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90