12 Consumer Discretionary Stocks Moving In Tuesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's pre-market session, 12 consumer discretionary stocks showed significant movement. Mullen Automotive, LL Flooring Holdings, Worksport, Tupperware Brands, Brinker International, and Allbirds were among the gainers, with Mullen Automotive leading with a 21.1% increase. On the losing side, Chegg, Coursera, Fenbo Holdings, Nova Lifestyle, Container Store Group, and Lottery.com saw declines, with Chegg experiencing the largest drop of 16.2%. Notably, Brinker International's Q3 earnings were released today, while Chegg and Coursera's Q1 earnings were announced yesterday.
April 30, 2024 | 12:06 pm
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NEGATIVE IMPACT
Chegg stock decreased by 16.2% to $6.01, following the release of Q1 earnings.
The significant drop post-Q1 earnings announcement suggests the market reacted negatively to the earnings report, indicating a potential short-term decline.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
NEGATIVE IMPACT
Coursera shares declined by 13.46% to $10.29 after Q1 earnings were announced.
The decline after Q1 earnings suggests a negative investor response, likely impacting the stock's short-term trajectory negatively.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Brinker International stock moved upwards by 6.22% to $52.75, with Q3 earnings released today.
The positive movement following the Q3 earnings release indicates the market's favorable response, suggesting a potential short-term uplift in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
Mullen Automotive shares rose 21.1% to $6.93, leading the gainers in Tuesday's pre-market session.
The significant pre-market gain suggests positive investor sentiment or reaction to recent company news, likely to boost short-term stock performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90