12 Communication Services Stocks Moving In Tuesday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's after-market session, several communication services stocks showed significant movement. Reddit (RDDT) led the gainers with a 16.9% increase following their Q1 earnings release, while CuriosityStream (CURI) experienced the largest drop among the losers, falling 18.7% after their Q1 earnings announcement. Other notable movers included Marchex (MCHX), Nextdoor Holdings (KIND), and ZoomInfo Technologies (ZI), all reacting to their latest earnings reports.
May 07, 2024 | 8:31 pm
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POSITIVE IMPACT
Nextdoor Holdings saw a 9.69% increase to $2.49 in their stock price after Q1 earnings, with a market cap of $974.8 million.
The rise in Nextdoor Holdings' stock price after the Q1 earnings report suggests a positive investor response to the company's financial performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Marchex stock increased by 11.19% to $1.49 following their Q1 earnings release, with a market cap of $65.0 million.
Marchex's positive stock movement post-Q1 earnings indicates investor optimism about the company's financial health.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Reddit's stock rose 16.9% to $57.73 after announcing Q1 earnings, with a market cap of $9.3 billion.
The significant rise in Reddit's stock price following the Q1 earnings announcement indicates positive investor reaction to the company's financial performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
CuriosityStream's shares fell 18.7% to $1.0 after their Q1 earnings report, with a market cap of $53.3 million.
The sharp decline in CuriosityStream's stock price post-Q1 earnings suggests a negative market reaction to their financial results.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
ZoomInfo Technologies' shares declined by 16.02% to $13.48 following their Q1 earnings, with a market cap of $5.0 billion.
ZoomInfo Technologies' significant stock price drop post-Q1 earnings indicates a negative investor reaction to their financial results.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90