12 Consumer Discretionary Stocks Moving In Monday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Monday's pre-market session, there were notable movements in the consumer discretionary sector. Snap One Holdings, Phoenix Motor, and Kaival Brands Innovations were among the top gainers, with Snap One Holdings leading with a 31.1% increase. On the downside, Kaixin Holdings, ZHONGCHAO, and Lixiang Education Holdings were among the biggest losers. Rent the Runway and Digital Brands Group also reported their Q4 earnings, influencing their stock movements.
April 15, 2024 | 12:07 pm
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NEGATIVE IMPACT
Digital Brands Group stock fell 4.52% to $4.02, coinciding with the release of their Q4 earnings report today.
The decline in Digital Brands Group's stock price upon the release of their Q4 earnings indicates a negative market reaction to the company's financial results.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 85
POSITIVE IMPACT
Kaival Brands Innovations stock rose 8.23% to $2.89, with a market value of $8.2 million.
The rise in Kaival Brands Innovations' stock price in pre-market trading could indicate investor optimism or positive developments within the company.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Phoenix Motor's shares rose by 20.06% to $0.88, with a market value of $29.1 million.
Phoenix Motor's significant pre-market gain suggests positive investor sentiment or favorable news related to the company.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Rent the Runway shares increased by 6.76% to $20.53, following their Q4 earnings report released three days ago.
The increase in Rent the Runway's stock price following their Q4 earnings report suggests that the market has reacted positively to the company's financial performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 85
POSITIVE IMPACT
Snap One Holdings saw a significant pre-market increase of 31.1% to $10.67, with a market value of $816.6 million.
The substantial pre-market increase in Snap One Holdings' stock price indicates strong investor interest, potentially due to positive market sentiment or recent company developments.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90