12 Communication Services Stocks Moving In Friday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Friday's intraday session, several Communication Services stocks experienced significant movements. Cardlytics (CDLX) led the gainers with a 64.8% increase following its Q4 earnings report, while Gaxos.AI (GXAI) led the losers, dropping 18.6%. Other notable movers included Chicken Soup for the Soul Entertainment, Inc. - 9.50% Notes due 2025 (CSSEN) and Direct Digital Holdings (DRCT) with substantial gains, and Paltalk (PALT) and AdTheorent Holding (ADTH) among the losers, both reacting to their Q4 earnings reports.
March 15, 2024 | 5:31 pm
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POSITIVE IMPACT
Cardlytics stock surged 64.8% to $13.49 after its Q4 earnings report, with a market cap of $529.5 million.
The significant surge in CDLX's stock price is directly attributed to its Q4 earnings report, indicating strong performance or positive future outlook that has positively influenced investor sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
AdTheorent Holding's stock decreased by 13.5% to $3.22 after its Q4 earnings report, with a market cap of $292.5 million.
The decline in ADTH's stock price is a direct consequence of its Q4 earnings report, indicating that the financial results may have disappointed investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 85
NEGATIVE IMPACT
Gaxos.AI shares fell 18.6% to $7.0, with a market value of their outstanding shares at $6.8 million.
The drop in GXAI's stock price could be attributed to market reactions or possibly negative news not specified in the article, leading to a decrease in investor confidence.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Paltalk stock fell 17.48% to $3.92 following its Q4 earnings report, with a market value of $36.1 million.
Paltalk's stock price decline is directly linked to its Q4 earnings report, suggesting the results may have not met investor expectations, leading to negative market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 85