12 Consumer Discretionary Stocks Moving In Thursday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's pre-market session, several consumer discretionary stocks showed significant movement. Notably, Kaival Brands Innovations, LiveWire Gr, Kirkland's, Allurion Technologies, Canoo, and Guess reported gains, with increases attributed to recent earnings reports for some. Conversely, Designer Brands, Destination XL Group, Five Below, Academy Sports, Chijet Motor Co, and Li Auto experienced declines, with poor Q4 earnings impacting several of these stocks.
March 21, 2024 | 1:05 pm
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POSITIVE IMPACT
Kaival Brands Innovations stock surged 63.1% to $2.17, with a market value of $6.1 million.
The significant pre-market surge in KAVL's stock price could attract investor interest, potentially leading to short-term price volatility.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
LiveWire Gr stock increased by 23.9% to $8.45, with a market cap of $1.7 billion.
The substantial pre-market gain for LVWR indicates strong investor interest, likely due to positive market sentiment or company-specific news.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Designer Brands stock declined by 17.1% to $9.55, with a market cap of $542.9 million, following its Q4 earnings report.
The decline in DBI's stock price post-Q4 earnings suggests the results did not meet market expectations, potentially leading to a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Five Below stock fell 11.95% to $184.0, with a market value of $10.1 billion, after its Q4 earnings report.
The post-earnings drop in FIVE's stock price indicates the market's negative reaction to the Q4 earnings report, suggesting a bearish short-term outlook.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90