12 Information Technology Stocks Moving In Friday's Intraday Session
Portfolio Pulse from Benzinga Insights
During Friday's intraday session, several IT stocks experienced significant movements. Gainers included Applied Optoelectronics (AAOI), Tempo Automation Holdings (TMPO), BigCommerce Holdings (BIGC), Atlassian (TEAM), Identiv (INVE), and Grid Dynamics Holdings (GDYN). Losers included Fortinet (FTNT), DigitalOcean Holdings (DOCN), Rubicon Technologies (RBT), Sonim Technologies (SONM), nLight (LASR), and Sprout Social (SPT). Most companies had recently released their Q2 earnings.
August 04, 2023 | 5:31 pm
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POSITIVE IMPACT
Applied Optoelectronics shares increased by 64.1% to $10.81 during Friday's session. The company's Q2 earnings were released yesterday.
The significant increase in Applied Optoelectronics' share price is likely due to the recent release of their Q2 earnings. Positive earnings typically lead to an increase in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Fortinet shares fell 24.5% to $57.18 during Friday's session. The company's Q2 earnings report was released yesterday.
The significant decrease in Fortinet's share price is likely due to the recent release of their Q2 earnings. Negative earnings typically lead to a decrease in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100