12 Information Technology Stocks Moving In Friday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Friday's intraday session, several IT stocks experienced significant movements. Bit Origin (BTOG) saw a 31.7% increase, while Synchronoss Technologies (SNCR) rose 26.07%, both on high trading volumes. Telos (TLS), Ouster (OUST), Smith Micro Software (SMSI), and Ondas Holdings (ONDS) also gained. Conversely, Airgain (AIRG) dropped 37.1%, Peraso (PRSO) fell 31.91%, and other stocks like MicroCloud Hologram (HOLO), WiSA Technologies (WISA), Vuzix (VUZI), and Upland Software (UPLD) saw declines. Most companies had recently reported Q3 earnings, influencing their stock movements.
November 10, 2023 | 5:31 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Airgain shares plummeted 37.1% with a large increase in trading volume after its Q3 earnings release.
The drastic decline in stock price, coupled with high trading volume, indicates a negative market reaction to the Q3 earnings, suggesting a bearish short-term trend.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 95
NEGATIVE IMPACT
Peraso's stock decreased by 31.91% on a significant trading volume, reflecting negative investor sentiment.
The sharp decrease in stock price on high volume typically indicates strong selling pressure and could lead to further short-term declines.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Bit Origin shares surged 31.7% with a trading volume significantly higher than its 100-day average, indicating strong investor interest.
The substantial increase in share price and trading volume suggests positive investor sentiment, which could lead to continued short-term upward momentum.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Synchronoss Technologies stock rose 26.07% on a volume surge following its Q3 earnings report three days ago.
The significant stock price increase and elevated trading volume post-earnings suggest a bullish short-term outlook.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85