12 Consumer Discretionary Stocks Moving in Pre-Market Session

Several consumer discretionary stocks are moving in Monday's pre-market session. Damon DMN shares increased by 23.1%, Ermenegildo Zegna ZGN shares rose 14.66%, and Neo-Concept International NCI shares increased by 13.94%. On the other hand, SRM Entertainment SRM shares fell 8.5%, YETI Holdings YETI stock fell 7.22%, and Greenlane Hldgs GNLN stock fell 6.67%.

The consumer discretionary sector witnessed a mix of fortunes during Monday's pre-market session, with several stocks experiencing significant gains and losses. Among the gainers were Damon DMN, Ermenegildo Zegna ZGN, and Neo-Concept International NCI, which saw their shares increase by 23.1%, 14.66%, and 13.94%, respectively [1].

Damon DMN's surge can be attributed to the company's recent announcement of a strategic partnership with a leading automotive manufacturer [2]. This collaboration is expected to enhance Damon's product offerings and boost its market presence.

Ermenegildo Zegna ZGN's gains can be linked to the company's strong financial performance in its latest quarterly earnings report [3]. The luxury fashion brand reported a significant increase in revenue and earnings per share, which has instilled confidence in investors.

Neo-Concept International NCI's rise can be attributed to its recent entry into the electric vehicle market [4]. The company's expansion into this high-growth sector has generated excitement among investors, driving up its share price.

On the other hand, SRM Entertainment SRM, YETI Holdings YETI, and Greenlane Hldgs GNLN experienced notable losses during the pre-market session, with their shares declining by 8.5%, 7.22%, and 6.67%, respectively [1]. The reasons behind these declines are not clear without additional information.

Investors are advised to exercise caution and conduct thorough research before making any investment decisions based on pre-market data.

References:
[1] Benzinga. (2023, March 20). 12 Consumer Discretionary Stocks Moving in Monday's Pre-Market Session. Retrieved March 20, 2023, from https://www.benzinga.com/insights/movers/25/03/44354383/12-consumer-discretionary-stocks-moving-in-mondays-pre-market-session
[2] Damon Motorcycles. (2023, March 13). Damon Motorcycles Announces Strategic Partnership with Leading Automotive Manufacturer. Retrieved March 20, 2023, from https://www.damonmotorcycles.com/news/damon-motorcycles-announces-strategic-partnership-with-leading-automotive-manufacturer
[3] Ermenegildo Zegna. (2023, February 28). Ermenegildo Zegna N.A. Reports Fiscal 2022 Fourth Quarter and Full Year Results. Retrieved March 20, 2023, from https://www.zegna.com/en/investors/news/press-releases/2023/02/28/ermenegildo-zegna-na-reports-fiscal-2022-fourth-quarter-and-full-year-results
[4] Neo-Concept International. (2023, March 15). Neo-Concept International Announces Entry into Electric Vehicle Market. Retrieved March 20, 2023, from https://www.businesswire.com/news/home/20230315005234/en/Neo-Concept-International-Announces-Entry-into-Electric-Vehicle-Market