12 Communication Services Stocks Moving In Tuesday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Tuesday's intraday session, several Communication Services stocks experienced significant movements. National CineMedia (NCMI) led the gainers with a 23.0% increase following their Q4 earnings release. Other notable gainers include Onfolio Holdings (ONFO), Treasure Global (TGL), HWH International (HWH), Ucloudlink Group (UCL), and Cardlytics (CDLX), all experiencing upward movements post their Q4 earnings announcements. Conversely, Global Mofy Metaverse (GMM), WiMi Hologram Cloud (WIMI), Anghami (ANGH), Chicken Soup for the Soul Entertainment, Inc. - 9.50% Notes due 2025 (CSSEN), Direct Digital Holdings (DRCT), and HUYA (HUYA) were among the losers, with HUYA also releasing its Q4 earnings.
March 19, 2024 | 5:31 pm
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NEGATIVE IMPACT
HUYA's stock declined by 8.37% to $4.33, with a market cap of $1.0 billion, following its Q4 earnings release.
HUYA's stock price drop post-Q4 earnings suggests the market's negative reaction to the earnings report, indicating potential short-term downward pressure.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
National CineMedia's stock rose 23.0% to $5.19 after announcing Q4 earnings, with a market cap of $502.3 million.
The significant rise in NCMI's stock price following the Q4 earnings announcement suggests positive investor reception to the earnings report, likely driving short-term upward momentum.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90