11 Information Technology Stocks Moving In Monday's Intraday Session
Portfolio Pulse from Benzinga Insights
During Monday's intraday session, several IT stocks experienced significant movements. MMTEC, Bit Origin, Glimpse Group, WM Tech, and Akoustis Technologies saw their stocks rise, with increases ranging from 7.33% to 15.5%. On the other hand, MicroAlgo, GSE Systems, XIAO-I, Cemtrex, FOXO Technologies, and Akerna saw their stocks decline, with decreases ranging from 11.72% to 36.6%.
September 25, 2023 | 5:31 pm
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NEGATIVE IMPACT
XIAO-I's shares declined by 14.7% to $1.8, with a market cap of $129.6 million. The H1 earnings report was released today.
The decline in XIAO-I's shares following the H1 earnings report suggests that the market reacted negatively to the report, which could lead to further short-term losses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Cemtrex's stock fell 14.38% to $5.57, with a market cap of $5.5 million.
The fall in Cemtrex's stock price indicates negative investor sentiment, which could lead to further short-term losses.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
FOXO Technologies' stock fell 12.46% to $0.1, with a market value of $5.9 million.
The fall in FOXO Technologies' stock price indicates negative investor sentiment, which could lead to further short-term losses.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
GSE Systems' shares decreased by 17.14% to $0.25, with a market value of $6.1 million.
The decrease in GSE Systems' shares suggests negative investor sentiment, which could drive further short-term price decreases.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Akerna's stock declined by 11.72% to $0.2, with a market value of $1.5 million.
The decline in Akerna's stock price indicates negative investor sentiment, which could lead to further short-term losses.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
MicroAlgo's stock declined by 36.6% to $3.03, with a market value of $132.8 million.
The significant decline in MicroAlgo's stock price indicates negative market sentiment, which could lead to further short-term losses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Akoustis Technologies' shares rose 7.33% to $0.79, with a market value of $57.3 million.
The rise in Akoustis Technologies' shares indicates positive investor sentiment, which could lead to further short-term gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Bit Origin's shares increased by 11.97% to $1.59, with a market cap of $5.3 million.
The increase in Bit Origin's shares suggests positive investor sentiment, which could drive further short-term price increases.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
WM Tech's shares increased by 9.67% to $1.36, with a market cap of $127.0 million.
The increase in WM Tech's shares suggests positive investor sentiment, which could drive further short-term price increases.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
MMTEC's stock rose 15.5% during Monday's session, with a market value of $45.8 million.
The significant rise in MMTEC's stock price indicates positive market sentiment, which could lead to further short-term gains.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Glimpse Group's shares moved upwards by 9.91% to $3.19, with a market cap of $46.0 million.
The upward movement in Glimpse Group's shares indicates positive investor sentiment, which could lead to further short-term gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100