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. Saverone 2014 (SVRE) saw a 22.6% increase, while Ondas Holdings (ONDS) rose by 18.56%, both on high trading volumes and recent Q3 earnings releases. Oblong (OBLG) and VNET Gr (VNET) also gained on their earnings reports. Globant (GLOB) and Expensify (EXFY) shares rose by 11.52% and 10.52%, respectively. Conversely, Alpha Technology Group (ATGL) and Zenvia (ZENV) saw declines of 22.6% and 17.07% after their Q3 earnings. WeTrade Group (WETG), CISO Global (CISO), Nano Labs (NA), and Quantum (QMCO) also experienced declines.
November 17, 2023 | 5:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Alpha Technology Group's shares fell 22.6% on below-average volume, possibly due to disappointing Q3 earnings.
The significant drop in stock price, despite lower volume, suggests a negative short-term impact from the earnings report.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
CISO Global's stock fell 13.07% on above-average volume following its Q3 earnings, suggesting negative market reaction.
The stock's decline with increased trading volume post-earnings indicates a bearish short-term impact.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nano Labs' stock declined by 12.59%, with a market cap of $88.5 million, reflecting possible investor concerns.
The stock's decline suggests a negative short-term impact, but the article does not provide specific reasons for the movement.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Quantum's stock decreased by 12.46% on below-average volume, which could indicate a lack of investor confidence.
The decrease in stock price on lower volume may suggest a negative short-term impact, though the cause is not detailed.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
WeTrade Group shares declined by 13.08%, with the market cap at $7.2 million, indicating potential investor sell-off.
The decline in share price could suggest a negative short-term impact, although the reason behind the movement isn't specified.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Zenvia's stock decreased by 17.07% with a volume increase after its Q3 earnings, indicating bearish sentiment.
The decline in stock price on increased volume after earnings suggests a negative short-term impact.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Expensify shares rose 10.52%, trading at 104.4% of its average volume, which may reflect investor optimism.
The stock's rise on slightly above-average volume could indicate a modest positive short-term impact.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Globant's stock increased by 11.52% with higher than average volume after releasing Q3 earnings yesterday.
The positive stock movement and increased volume after earnings suggest a bullish short-term outlook.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Oblong's stock rose 13.73% on high trading volume, potentially due to its recent Q3 earnings report.
The increase in price and volume, aligned with the earnings release, indicates a positive short-term impact.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ondas Holdings' stock increased by 18.56% with trading volume at 246.7% of its average, following Q3 earnings.
The stock's upward movement on increased volume post-earnings suggests a positive investor response in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Saverone 2014's stock rose 22.6% on a volume surge, indicating strong investor interest following their Q3 earnings.
The significant rise in stock price and trading volume, especially after the Q3 earnings release, suggests a positive short-term impact.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
VNET Gr shares increased by 12.83%, likely influenced by their Q3 earnings report released two days ago.
The stock's gain following the earnings announcement suggests a favorable short-term impact.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80