12 Information Technology Stocks Moving In Tuesday's Intraday Session
Portfolio Pulse from Benzinga Insights
Information technology stocks experienced significant movement during Tuesday's intraday session, with GitLab, D-Wave Quantum, Microvision, Rigetti Computing, Xunlei, and Applied Optoelectronics among the gainers, while Tingo Group, Cyxtera Technologies, Quantum, Ciena, Bit Origin, and Cemtrex were among the losers.
June 06, 2023 | 5:31 pm
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POSITIVE IMPACT
GitLab's shares rose 31.2% to $46.46 during Tuesday's session, with a trading volume of 16.0 million. The company's market cap stands at $7.1 billion, and its Q1 earnings were released yesterday.
GitLab's stock price increased significantly due to the release of its Q1 earnings report, which likely exceeded market expectations. The high trading volume indicates strong investor interest in the stock.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Microvision's shares increased by 26.07% to $6.72, with a trading volume of 23.0 million. The market value of their outstanding shares is at $1.1 billion.
Microvision's stock price increased significantly, likely due to positive market sentiment or news related to the company. The high trading volume indicates strong investor interest in the stock.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
D-Wave Quantum's shares increased by 29.37% to $2.29, with a trading volume of 16.0 million. The company's market cap stands at $291.2 million.
D-Wave Quantum's stock price increased significantly, likely due to positive market sentiment or news related to the company. The high trading volume indicates strong investor interest in the stock.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Ciena's shares fell 12.24% to $41.69, with a trading volume of 6.6 million. The market value of their outstanding shares is at $6.2 billion. The Q2 earnings report was released today.
Ciena's stock price decreased significantly due to the release of its Q2 earnings report, which likely did not meet market expectations. The high trading volume indicates strong investor interest in the stock.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Cyxtera Technologies' shares fell 19.42% to $0.07, with a trading volume of 20.2 million. The company's market cap stands at $12.4 million.
Cyxtera Technologies' stock price decreased significantly, likely due to negative market sentiment or news related to the company. The high trading volume indicates strong investor interest in the stock.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Quantum's shares decreased by 13.83% to $1.06, with a trading volume of 612.9K. The market value of their outstanding shares is at $111.5 million. The Q4 earnings report was released today.
Quantum's stock price decreased significantly due to the release of its Q4 earnings report, which likely did not meet market expectations. The high trading volume indicates strong investor interest in the stock.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Tingo Group's stock decreased by 55.1% to $1.15 during Tuesday's session, with a trading volume of 45.3 million. The market value of their outstanding shares is at $187.8 million.
Tingo Group's stock price decreased significantly, likely due to negative market sentiment or news related to the company. The high trading volume indicates strong investor interest in the stock.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100