12 Communication Services Stocks Moving In Tuesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's pre-market session, several communication services stocks showed notable movements. Reddit (RDDT) led the gainers with an 11.5% increase, while Cardlytics (CDLX) experienced the largest drop among the losers, declining by 16.1%. Other notable movers included NextPlat (NXPL), Advantage Solutions (ADV), and BuzzFeed (BZFD), with significant changes in their stock prices.
March 26, 2024 | 1:06 pm
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POSITIVE IMPACT
NextPlat's stock rose 10.66% to $1.66, with a market cap of $31.0 million.
NextPlat's notable pre-market gain suggests a positive outlook from investors, potentially leading to short-term gains.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Reddit's stock rose 11.5% to $66.67, with a market cap of $10.6 billion.
The significant pre-market increase in Reddit's stock price suggests positive investor sentiment, likely to result in short-term upward price momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
BuzzFeed's stock declined by 13.31% to $0.35, following its Q4 earnings release, with a market cap of $52.9 million.
The decline in BuzzFeed's stock price post-Q4 earnings suggests investor disappointment, likely affecting short-term price negatively.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Cardlytics' shares decreased by 16.1% to $17.0, with a market cap of $749.8 million.
The significant drop in Cardlytics' stock price indicates negative market sentiment, likely leading to short-term downward price pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90