12 Information Technology Stocks Moving In Thursday's Intraday Session
Portfolio Pulse from Benzinga Insights
During Thursday's intraday session, several IT stocks experienced significant movements. Gainers included FOXO Technologies (AMEX:FOXO), Fastly (NYSE:FSLY), Faro Technologies (NASDAQ:FARO), Inseego (NASDAQ:INSG), Digimarc (NASDAQ:DMRC), and Confluent (NASDAQ:CFLT). Losers included Neonode (NASDAQ:NEON), AEye (NASDAQ:LIDR), Sonim Technologies (NASDAQ:SONM), DXC Technology (NYSE:DXC), CommScope Hldg Co (NASDAQ:COMM), and WaveDancer (NASDAQ:WAVD). Most of these movements were associated with the release of Q2 earnings reports.
August 04, 2023 | 2:02 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
FOXO Technologies stock rose 30.4% to $0.19 during Thursday's session. The stock is trading at a volume of 22.3 million shares, 781.7% of its average full-day volume over the last 100 days.
The significant increase in FOXO's stock price and trading volume suggests positive investor sentiment, potentially due to recent company developments or market trends.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Fastly shares moved upwards by 22.67% to $20.18. The security is trading at a volume of 6.9 million shares, 240.5% of its average full-day volume over the last 100 days. Q2 earnings were released yesterday.
The increase in Fastly's stock price and trading volume, coupled with the recent release of Q2 earnings, suggests positive investor response to the earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
DXC Technology shares declined by 30.72% to $18.75. The security is trading at a volume of 9.9 million shares, 521.6% of its average full-day volume over the last 100 days. Q1 earnings were released yesterday.
The decrease in DXC Technology's stock price and increase in trading volume, coupled with the recent release of Q1 earnings, suggests negative investor response to the earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Neonode shares decreased by 42.8% to $2.25 during Thursday's session. The stock is trading at a volume of 1.7 million shares, 1742.7% of its average full-day volume over the last 100 days.
The significant decrease in Neonode's stock price and increase in trading volume suggests negative investor sentiment, potentially due to recent company developments or market trends.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100