12 Information Technology Stocks Moving In Tuesday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Tuesday's intraday session, several IT stocks experienced significant movements. Airgain, Cyngn, Alpha Technology Group, Peraso, Consensus Cloud Solutions, and Tingo Group saw their shares rise, with recent Q3 earnings reports influencing some of these gains. Conversely, Vuzix, Applied Digital, WeTrade Group, Intrusion, N-able, and Baijiayun Group faced declines, with some also recently reporting Q3 earnings. Market caps and trading volumes varied, with some stocks experiencing substantial increases in trading activity.
November 14, 2023 | 5:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Applied Digital's shares fell 21.43% to $3.69, with volume at 133.2% of its 100-day average. Market cap at $391.7 million.
Applied Digital's significant stock price decline and above-average trading volume indicate bearish market sentiment, affecting short-term outlook.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Intrusion's shares decreased 16.08% to $0.4, with volume at 102.6% of its 100-day average after Q3 earnings today. Market cap at $9.6 million.
Intrusion's stock price drop on the day of its Q3 earnings release indicates a negative market response, likely affecting its short-term trajectory.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
N-able's stock fell 12.05% to $12.05, with volume at 128.4% of its 100-day average post Q3 earnings. Market cap at $2.1 billion.
The drop in N-able's stock price following its Q3 earnings suggests a bearish outlook, which may continue to influence the stock short term.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Baijiayun Group's stock decreased 10.82% to $3.05. Market cap at $267.4 million.
Baijiayun Group's stock price decline indicates a negative market sentiment, potentially impacting its short-term stock performance.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Vuzix's stock declined 21.7% to $2.02, with volume at 412.3% of its 100-day average. Market cap at $127.9 million after Q3 earnings 3 days ago.
Vuzix's sharp stock price drop and increased trading volume post-Q3 earnings suggest negative investor sentiment, likely to persist short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
WeTrade Group's stock dropped 17.6% to $8.62. Market cap at $9.0 million.
WeTrade Group's stock price fall suggests negative investor reaction, potentially impacting the stock's short-term performance.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Airgain's stock rose 23.0% to $2.06, with trading volume at 566.2% of its 100-day average after Q3 earnings 3 days ago. Market cap at $21.4 million.
The significant rise in Airgain's stock price and trading volume following its Q3 earnings suggests a positive investor response, likely to continue in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Alpha Technology Group's shares rose 18.86% to $7.75, with trading volume at 20.9% of its 100-day average. Market cap is $116.2 million.
The increase in Alpha Technology Group's stock price suggests positive market sentiment, potentially due to recent company developments or sector trends.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Consensus Cloud Solutions' shares grew 14.11% to $23.98, with volume at 54.5% of its 100-day average. Market cap at $459.2 million post Q3 earnings.
The rise in Consensus Cloud Solutions' stock price after Q3 earnings indicates investor optimism, likely to influence short-term performance.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Cyngn's stock increased 21.78% to $0.21, with volume at 29.9% of its 100-day average. Market cap at $7.9 million post Q3 earnings 4 days ago.
Cyngn's stock price surge following its Q3 earnings indicates a bullish short-term outlook, although the relatively low trading volume suggests caution.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Peraso's stock up 17.22% to $0.24, with volume at 251.3% of its 100-day average after Q3 earnings yesterday. Market cap at $6.8 million.
Peraso's significant stock price increase and high trading volume following its Q3 earnings report suggest a positive short-term impact.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Tingo Group's stock ascended 13.11% to $0.8, with volume at 70.2% of its 100-day average. Market cap at $163.7 million with Q3 earnings released today.
Tingo Group's stock price jump on the day of its Q3 earnings release suggests a positive market reaction, likely to affect short-term trading.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90