11 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Friday's pre-market session, 11 consumer discretionary stocks showed significant movement. Coupang, Traeger, Digital Brands Group, Kaival Brands Innovations, and MGO Global were among the gainers, with Coupang leading at a 10.4% increase. On the downside, MOGU, Rent the Runway, Helen Of Troy, Interactive Strength, XPeng, and Jianzhi Education Tech faced declines, with MOGU experiencing the largest drop of 10.4%.
April 12, 2024 | 12:10 pm
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POSITIVE IMPACT
Coupang's stock rose 10.4% to $21.04, with a market cap of $37.5 billion.
The significant pre-market increase in Coupang's stock price indicates strong investor interest, potentially due to positive company developments or market conditions favoring consumer discretionary stocks.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
MOGU's stock decreased by 10.4% to $1.9, with a market cap of $15.6 million.
The sharp decline in MOGU's stock price suggests negative investor sentiment or unfavorable news affecting the company, leading to a potential short-term negative impact on its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Rent the Runway shares decreased by 9.71% to $17.5, with a market cap of $62.0 million. The company's Q4 earnings were released 2 days ago.
The decline in Rent the Runway's stock price following its Q4 earnings release suggests that the earnings report may have not met investor expectations, leading to a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
XPeng stock declined by 4.48% to $7.9, with a market value of $7.4 billion.
XPeng's pre-market decline indicates potential concerns among investors, possibly related to market trends or company-specific news, affecting its short-term stock performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80