12 Information Technology Stocks Moving In Monday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Monday's intraday session, several IT stocks experienced significant movements. Cyngn, Airgain, Alpha Technology Group, Consensus Cloud Solutions, Arqit Quantum, and Ondas Holdings saw their shares rise, with reported increases ranging from 12.48% to 19.8%. On the other hand, Applied Digital, Vuzix, WeTrade Group, Intrusion, N-able, and Greenidge Generation Holdings faced declines between 10.64% and 22.1%. The movements were largely attributed to recent Q3 earnings reports.
November 13, 2023 | 5:31 pm
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POSITIVE IMPACT
Airgain's stock increased by 19.4% to $2.0, with a trading volume of 147.8K shares after their Q3 earnings report 2 days ago.
Airgain's stock price rise is likely due to positive reception of their Q3 earnings, which could lead to further short-term appreciation.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Arqit Quantum's shares increased by 13.37% to $0.57 with a trading volume of 314.3K shares.
Arqit Quantum's stock price increase suggests favorable market conditions, potentially leading to further short-term gains.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Alpha Technology Group's shares increased by 17.46% to $7.66 with a trading volume of 212.8K shares.
Alpha Technology Group's stock rise indicates positive market activity, though no specific news was mentioned, the increase could still attract investor attention.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Consensus Cloud Solutions' shares rose by 13.51% to $23.85, with a trading volume of 60.8K shares after their Q3 earnings report 2 days ago.
The increase in Consensus Cloud Solutions' stock price following their Q3 earnings suggests a positive investor reaction, which could continue in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Cyngn's stock rose by 19.8% to $0.2 with a trading volume of 129.2K shares after their Q3 earnings report 3 days ago.
The significant rise in Cyngn's stock price following their Q3 earnings suggests a positive investor response, potentially leading to continued short-term momentum.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Ondas Holdings' shares rose by 12.48% to $0.68, with a trading volume of 618.7K shares.
The rise in Ondas Holdings' stock price, coupled with high trading volume, indicates strong investor engagement, which may persist in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Applied Digital's stock fell by 22.1% to $3.65 with a trading volume of 3.8 million shares.
Applied Digital's significant stock price drop could indicate negative market sentiment or reaction to external factors, likely leading to further short-term decline.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Greenidge Generation Holdings' stock declined by 10.64% to $5.21, with a trading volume of 89.6K shares.
Greenidge Generation Holdings' stock decline may reflect market concerns or adjustments, with potential for further short-term negative movement.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Intrusion's stock decreased by 16.54% to $0.4 with a trading volume of 1.2 million shares.
The drop in Intrusion's stock price, along with high trading volume, suggests a negative market reaction that may persist in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
N-able's stock decreased by 13.01% to $11.92 after their Q3 earnings report today, with a trading volume of 589.5K shares.
N-able's stock price drop on the day of their Q3 earnings release indicates a potentially negative investor reaction, which could influence the stock's short-term trajectory.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Vuzix's shares decreased by 20.91% to $2.04 after their Q3 earnings report 2 days ago, with a trading volume of 1.6 million shares.
Vuzix's stock decline following their Q3 earnings suggests a negative investor response, which could continue to affect the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
WeTrade Group's shares fell by 17.02% to $8.68, with the company's market cap at $9.1 million.
WeTrade Group's stock price decline could reflect investor concerns or market adjustments, potentially leading to further short-term decreases.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70