RDDT, ANGH among major communication services gainers; BILI, HUYA among losers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 21 2024
0mins
Should l Buy ANGH?
Source: SeekingAlpha
- Gainers and Losers: Reddit, Anghami, Educational Development, GameSquare Holdings, and Pop Culture Group Co are top gainers, while TruGolf Holdings, Brera Holdings, Bilibili, HUYA, and Able View Global are among the losers.
- S&P 500 Communication Services Sector: Down by 0.3% with Telecommunication Services up by 0.03% and Media & Entertainment down by 0.4%.
- More on Communication Services Select Sector SPDR Fund XLC: Indicates more upside potential ahead, a robust outlook, and suggests it's a good time to buy.
- Shorted Stocks: Paramount was the most shorted S&P 500 communications stock in February, while Alphabet was the least shorted.
- Post-Earnings Performance: Meta and Netflix recorded standout gains in communication services post-earnings performance.
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Analyst Views on ANGH
About ANGH
Anghami Inc is a United Arab Emirates based company that provides digital music entertainment technology platform in the Middle East and North Africa (MENA). The Company has catalog comprising more than 72 million songs and licensed content from Arabic labels, independent artists, and distributors, available for more than 75 million users. The Company also features music from the international labels such as Universal, Sony and Warner. The Company's services are available in English, Arabic and French. It has offices in Beirut, Dubai, Cairo and Riyadh and operates in 16 countries across MENA.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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