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. Notable gainers included WeTrade Group (WETG), Rackspace Tech (RXT), Cemtrex (CETX), Rekor Systems (REKR), Taoping (TAOP), and Hitek Global (HKIT). On the other hand, Infobird Co (IFBD), Coherent (COHR), Castellum (CTM), Cyngn (CYN), Powerbridge Technologies (PBTS), and WaveDancer (WAVD) saw their shares decline.
August 16, 2023 | 5:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Coherent stock declined by 34.3% to $30.89. The market value of their outstanding shares is at $4.3 billion.
The significant decrease in Coherent's share price could lead to negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Infobird Co shares decreased by 36.3% to $0.34. The market value of their outstanding shares is at $32.0 million.
The significant decrease in Infobird Co's share price could lead to negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Rackspace Tech shares increased by 11.71% to $2.48. The market value of their outstanding shares is at $535.4 million.
The increase in Rackspace Tech's share price indicates a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
WeTrade Group shares rose 44.4% to $10.18 during Wednesday's session. The company's market cap stands at $10.7 million.
The significant increase in WeTrade Group's share price could lead to positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100