12 Communication Services Stocks Moving In Thursday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's pre-market session, several Communication Services stocks showed significant movement. Pop Culture Gr, Treasure Global, Bumble, Society Pass, Magnite, and VS Media Holdings were among the gainers, with Pop Culture Gr leading with an 81.2% increase. On the losing side, Cardlytics, Roblox, HWH International, HUYA, iHeartMedia, and Nextdoor Holdings saw declines, with Cardlytics experiencing the largest drop of 28.2%. The movements were largely driven by the release of Q1 earnings reports.
May 09, 2024 | 12:06 pm
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NEGATIVE IMPACT
Cardlytics stock fell 28.2% in pre-market trading, with a market cap of $505.3 million, following the release of Q1 earnings.
The sharp decline in CDLX stock is likely a direct response to its Q1 earnings report, indicating investor disappointment or concerns over the company's performance.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Roblox shares fell 20.91% to $30.87, with a market value of $19.7 billion, after the Q1 earnings report.
The decline in Roblox's stock price is likely a reaction to its Q1 earnings, which may have failed to meet investor expectations or highlighted challenges.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Bumble's stock increased by 11.78% to $11.48, with a market cap of $1.4 billion, buoyed by its Q1 earnings report.
Bumble's positive movement in pre-market trading is likely due to favorable investor reception of its Q1 earnings report, suggesting strong company performance.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Pop Culture Gr shares soared 81.2% in pre-market trading, with a market value of $10.3 million.
The significant pre-market surge in CPOP shares likely reflects investor optimism, potentially due to recent company developments or broader market trends.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90