12 Consumer Discretionary Stocks Moving In Wednesday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Wednesday's intraday session, 12 consumer discretionary stocks saw significant movements. Notably, Massimo (MAMO) surged 19.4% after announcing Q4 earnings, while Zapp Electric Vehicles (ZAPP) plummeted 35.7%. Other gainers include Kidpik (PIK), Children's Place (PLCE), EZGO Technologies (EZGO), WW International (WW), and ATA Creativity Glb (AACG). Losers comprised Kaival Brands Innovations (KAVL), VinFast Auto (VFS), Mullen Automotive (MULN), Fossil Group's Senior Notes (FOSLL), and Educational Development (EDUC).
April 17, 2024 | 4:31 pm
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NEGATIVE IMPACT
VinFast Auto's shares fell 13.36% to $2.66, with a market cap of $6.2 billion, following their Q1 earnings announcement.
The decline in VinFast Auto's stock price post-Q1 earnings suggests the market's negative reaction to their financial performance or future outlook presented in the earnings report.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Zapp Electric Vehicles' stock declined by 35.7% to $0.16, with a market cap of $9.9 million.
Zapp Electric Vehicles' significant stock price drop could be due to negative news, disappointing earnings, or market reactions to external factors affecting the electric vehicle sector.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Massimo's stock surged 19.4% to $4.5 after announcing Q4 earnings, with a market cap of $185.8 million.
The significant surge in Massimo's stock price is directly attributed to the positive reception of their Q4 earnings report, indicating strong performance or better-than-expected results.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90