12 Information Technology Stocks Moving In Friday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Friday's pre-market session, several IT stocks saw significant movement. Gainers included Sigma Additive Solutions (SASI), Oblong (OBLG), Addvantage Technologies (AEY), Comtech Telecom (CMTL), Actelis Networks (ASNS), and ComSovereign Holding (COMS). Losers included SMART Glb Hldgs (SGH), Belden (BDC), PowerFleet (PWFL), Movella Holdings (MVLA), SMX (Security Matters) (SMX), and Taoping (TAOP).

October 13, 2023 | 1:05 pm
News sentiment analysis
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NEGATIVE IMPACT
Belden's stock decreased by 18.69% to $77.47 during Friday's pre-market session.
The significant decrease in Belden's stock price indicates a negative market sentiment towards the company, which could lead to further price decreases in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Movella Holdings' shares fell 11.46% to $0.42 during Friday's pre-market session.
The significant decrease in Movella Holdings' stock price indicates a negative market sentiment towards the company, which could lead to further price decreases in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
PowerFleet's shares decreased by 12.51% to $1.89 during Friday's pre-market session.
The significant decrease in PowerFleet's stock price indicates a negative market sentiment towards the company, which could lead to further price decreases in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
SMART Glb Hldgs' stock decreased by 28.6% to $16.85 during Friday's pre-market session. The Q4 earnings came out yesterday.
The significant decrease in SMART Glb Hldgs' stock price following the Q4 earnings report indicates a negative market reaction to the company's financial performance, which could lead to further price decreases in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SMX (Security Matters)' stock declined by 10.7% to $2.33 during Friday's pre-market session.
The significant decrease in SMX (Security Matters)' stock price indicates a negative market sentiment towards the company, which could lead to further price decreases in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Taoping's stock decreased by 8.05% to $1.83 during Friday's pre-market session.
The significant decrease in Taoping's stock price indicates a negative market sentiment towards the company, which could lead to further price decreases in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Addvantage Technologies' shares increased by 20.23% to $0.45 during Friday's pre-market session.
The significant increase in Addvantage Technologies' stock price indicates a positive market sentiment towards the company, which could lead to further price increases in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Actelis Networks' shares rose 17.59% to $1.27 during Friday's pre-market session.
The significant increase in Actelis Networks' stock price indicates a positive market sentiment towards the company, which could lead to further price increases in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Comtech Telecom's stock moved upwards by 18.05% to $9.61 during Friday's pre-market session. The Q4 earnings report came out yesterday.
The significant increase in Comtech Telecom's stock price following the Q4 earnings report indicates a positive market reaction to the company's financial performance, which could lead to further price increases in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
ComSovereign Holding's shares increased by 10.45% to $0.9 during Friday's pre-market session.
The significant increase in ComSovereign Holding's stock price indicates a positive market sentiment towards the company, which could lead to further price increases in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Oblong's stock moved upwards by 44.48% to $0.42 during Friday's pre-market session.
The significant increase in Oblong's stock price indicates a positive market sentiment towards the company, which could lead to further price increases in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Sigma Additive Solutions' stock moved upwards by 127.3% to $5.5 during Friday's pre-market session.
The significant increase in Sigma Additive Solutions' stock price indicates a positive market sentiment towards the company, which could lead to further price increases in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100