12 Communication Services Stocks Moving In Friday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Friday's pre-market session, several Communication Services stocks showed notable movements. Gaxos.AI, Integral Ad Science, and iHeartMedia were among the gainers, with increases attributed to recent earnings releases and market valuations. Conversely, Antelope Ent Hldgs, AMC Networks, and others faced declines, some following their earnings announcements.
May 10, 2024 | 12:07 pm
News sentiment analysis
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NEGATIVE IMPACT
Antelope Ent Hldgs shares fell 13.1% to $1.6 after their FY earnings release, with a market cap of $10.7 million.
The decline in AEHL's stock price following its FY earnings announcement suggests a negative market reaction to its financial results.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
AMC Networks' stock decreased by 8.38% to $12.58, with a market value of $554.0 million, following their Q1 earnings release.
The post-earnings drop in AMCX's stock price indicates a less favorable response from the market to its quarterly financial performance.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Gaxos.AI stock rose 22.6% in pre-market trading, with a market value of $5.2 million, indicating strong investor interest.
The significant pre-market rise in GXAI's stock suggests positive investor sentiment, potentially due to favorable market conditions or company-specific news.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Integral Ad Science's stock increased by 11.93% to $9.38 following their Q1 earnings release, with a market cap of $1.4 billion.
The rise in IAS's stock price following its Q1 earnings announcement indicates a positive market reaction to the company's financial performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95
POSITIVE IMPACT
iHeartMedia's stock rose 7.24% to $1.48, with a market cap of $214.2 million, following their Q1 earnings release.
The increase in IHRT's stock price post-Q1 earnings suggests that the earnings report was received positively by the market.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90