UXIN - Pinterest Youdao pace top losers among Communications stocks that gave up ground for week
A week after it was the best-performing sector in the market, Communications Services finished this week as nearly the worst, giving up 1% as a group for the week (bested, or worsted, only by consumer discretionary stocks that were down 2.6% overall). And compared to last week (which was goosed by results from Snap), there were fewer big jumps among earnings reporters this time around, though reports still drove upside. Uxin (NASDAQ:UXIN) gained in double digits heading into its earnings report. Clear Channel Outdoor Holdings (NYSE:CCO) also used a Thursday earnings report to post a double-digit gain for the week. Also among the winners, Liberty TripAdvisor also gained double digits off the power of TripAdvisor, which jumped higher Monday following a positive mention in Barron's. The biggest loser in the sector for the second straight week was Youdao (NYSE:DAO), down another 30.5% this week after China confirmed a ban on
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Pinterest, Youdao pace top losers among Communications stocks that gave up ground for week