12 Consumer Discretionary Stocks Moving In Monday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Monday's intraday session, several consumer discretionary stocks experienced significant movements. Mullen Automotive (MULN) led the gainers with a 41.9% increase, while GameStop (GME) headed the losers with a 15.6% decline. Other notable movers included Workhorse Group (WKHS), Dogness (DOGZ), and Bowlero (BOWL), with movements attributed to market dynamics and specific company news such as Bowlero's Q3 earnings report.
May 06, 2024 | 4:31 pm
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NEGATIVE IMPACT
Bowlero shares declined by 13.22% to $10.84 following their Q3 earnings report, with a market value of $1.6 billion.
Bowlero's stock price drop post-earnings suggests a negative market reaction to the Q3 report, potentially leading to short-term downward pressure.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 85
NEGATIVE IMPACT
GameStop stock declined by 15.6% to $13.91, with a market value of $4.2 billion.
GameStop's significant stock price decline could lead to short-term bearish sentiment among investors, potentially affecting the stock's performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Mullen Automotive stock rose 41.9% to $5.91, with a market value of $38.7 million.
The significant rise in MULN's stock price could attract more investor interest in the short term, potentially maintaining upward price momentum.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Workhorse Group stock increased by 27.18% to $0.2, with a market cap of $64.0 million.
The rise in WKHS's stock price indicates positive market reception, which could lead to continued investor interest and potential short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80