12 Information Technology Stocks Moving In Wednesday's Intraday Session
Portfolio Pulse from Benzinga Insights
During Wednesday's intraday session, several information technology stocks experienced significant movements. LightPath Technologies, Applied Optoelectronics, Stronghold Digital Mining, Pegasystems, Wolfspeed, and Rigetti Computing saw gains, while AXT, Taoping, MicroCloud Hologram, Zuora, WaveDancer, and Cyngn experienced losses.
July 05, 2023 | 5:37 pm
News sentiment analysis
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NEGATIVE IMPACT
AXT shares decreased by 19.7% to $2.82 during Wednesday's session. The market value of their outstanding shares is at $122.9 million.
The significant drop in AXT's share price indicates negative market sentiment, which could lead to further short-term losses.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Taoping stock fell 14.58% to $0.56. The company's market cap stands at $10.1 million.
The drop in Taoping's share price suggests negative investor sentiment, which could lead to further short-term losses.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Applied Optoelectronics shares rose 16.56% to $7.08. The company's market cap stands at $206.5 million.
The rise in Applied Optoelectronics' share price suggests positive investor sentiment, which could drive further short-term gains.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
LightPath Technologies shares rose 36.9% to $1.83 during Wednesday's session. The market value of their outstanding shares is at $68.4 million.
The significant rise in share price indicates positive market sentiment towards LightPath Technologies, which could lead to further short-term gains.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100