TKO, Monday.com, Sea Dominate Stocktwits Retail Chatter Among Tech Stocks: Find Out Why
Synopsis
TKO Group’s chatter surged 3,600% in 24 hours after Paramount Skydance Corp. secured the U.S. rights to the company’s UFC.
The tech-heavy Nasdaq Composite Index closed 0.30% lower at 21,385 on Monday. Nvidia dominated tech news following reports that the U.S. is demanding 15% of the chipmaker’s and AMD’s (AMD) revenue from China as a condition for approving their export licenses. TKO Group Holdings, Monday.com, and Sea saw the highest retail chatter on Stocktwits among tech companies in the last 24 hours. Here’s a detailed analysis of how retail responded to the three stocks in the news:
1. TKO Group Holdings Inc.(TKO): The media conglomerate saw retail chatter surge 3,600% in 24 hours after Paramount Skydance Corp. (PSKY) secured the U.S. rights to the company’s UFC in a seven-year agreement valued at $7.7 billion.
Retail sentiment around the stock remained in ‘extremely bullish’ (84/100) territory, while message volume improved to ‘extremely high’ (85/100) from ‘high’ levels in the last 24 hours.
TKO Group stock traded over 1% higher in Tuesday’s premarket.
2. Monday.com (MNDY): The software company saw retail chatter increase 2,613% in 24 hours after co-founder and co-CEO Roy Mann said that the company is feeling some impact from Google's algorithm, resulting in a slowdown in the market.
Retail sentiment around the stock improved to ‘extremely bullish’ (90/100) from ‘bullish’ territory the previous day amid ‘extremely high’ (99/100) message volume levels.
Monday.com stock traded over 2% higher in Tuesday’s premarket.
3. Sea (SE): The firm behind the Shopee e-commerce and Garena gaming platforms popular in Southeast Asia saw its retail chatter rise 2,000% in 24 hours. The company reported better-than-expected revenue in the second quarter (Q2) on Tuesday morning.
Retail sentiment around the stock improved to ‘extremely bullish’ (82/100) from ‘bearish’ territory the previous day. Message volume jumped to ‘high’ (70/100) from ‘low’ levels in the last 24 hours.
Sea stock traded over 8% higher in Tuesday’s premarket.
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.