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DailyBubble News

CPOP, SBGI among major communication services gainers; RBLX, CDLX among losers

On May 09, 2024 at 3:09 PM ET, the stock market saw some significant movements in the Communication Services sector. Pop Culture Group Co (CPOP) was the top gainer with a 74% increase, followed by Telephone And Data Systems (TDS) at 31% and United States Cellular (USM) at 30%. Other gainers included BuzzFeed (BZFD) at 25% and Sinclair (SBGI) at 17%.

On the flip side, Cardlytics (CDLX) experienced the biggest loss at 36%, followed by iHeartMedia (IHRT) at 34% and Roblox (RBLX) at 21%. Advantage Solutions (ADV) also saw a decrease of 13%.

Overall, the S&P 500 Communication Services sector was up 0.3% at $292.41, with Telecommunication Services up 0.4% and Media & Entertainment up 0.2%. It was a mixed day for the sector, with some companies seeing gains while others experienced losses.

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