12 Communication Services Stocks Moving In Thursday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's after-market session, communication services stocks saw significant movements. Notably, Snap and Alphabet reported their Q1 earnings, leading to substantial gains in their stock prices, with Snap up 25.4% and Alphabet (GOOGL and GOOG) up by approximately 12%. Pinterest, MoneyHero, and MultiMetaVerse Holdings also saw gains. Conversely, Chicken Soup for the Soul, GD Culture Group, Taboola.com, NFT, Society Pass, and VS Media Holdings experienced declines.
April 25, 2024 | 8:33 pm
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POSITIVE IMPACT
Alphabet's GOOG shares increased by 11.52% to $176.15 following Q1 earnings, with a market cap of $2.1 trillion.
Similar to GOOGL, GOOG's stock price boost is linked to the positive investor response to Alphabet's Q1 earnings.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Alphabet's GOOGL shares rose 11.82% to $174.44 after Q1 earnings, with a market cap of $2.1 trillion.
Alphabet's stock price increase is a direct result of the market's positive reaction to their Q1 earnings announcement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Pinterest's stock rose 7.38% to $35.05, with a market cap of $23.9 billion.
Pinterest's stock price increase may be influenced by market dynamics and possibly related to the positive movements seen in tech stocks.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Snap's shares surged 25.4% to $14.3 after Q1 earnings, with a market cap of $23.6 billion.
The significant increase in Snap's stock price is directly attributed to the positive reception of their Q1 earnings report.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Chicken Soup for the Soul's shares fell 7.2% to $0.24, market cap at $7.8 million, following their Q4 earnings report.
The decline in CSSE's stock price is likely due to a negative market reaction to their Q4 earnings report.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90