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. Silicon Motion Technology (SIMO), Sigma Additive Solutions (SASI), Soluna Holdings (SLNH), UTStarcom Holdings (UTSI), VIA optronics (VIAO), and Phunware (PHUN) saw gains, while Inpixon (INPX), MaxLinear (MXL), Powerbridge Technologies (PBTS), SpringBig Holdings (SBIG), Rimini Street (RMNI), and UTime (UTME) experienced losses. MaxLinear's Q2 earnings were also released.
July 26, 2023 | 5:30 pm
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NEGATIVE IMPACT
MaxLinear's stock decreased by 19.02% to $27.54. The company's Q2 earnings were also released. The company's market cap stands at $2.2 billion.
The decrease in MaxLinear's stock price, coupled with the release of Q2 earnings, could indicate a negative market response to the earnings report, potentially leading to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Silicon Motion Technology's shares rose 78.2% to $93.0 during Wednesday's session. The market value of their outstanding shares is at $3.1 billion.
The significant rise in Silicon Motion Technology's shares indicates a positive market response, which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100