12 Information Technology Stocks Moving In Friday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Friday's after-market session, several IT stocks experienced significant movements. Oblong (OBLG) shares rose 16% after Q3 earnings were released 3 days ago. Remark Hldgs (MARK), BIO-key Intl (BKYI), WM Tech (MAPS), Argo Blockchain (ARBK), and Arqit Quantum (ARQQ) also saw gains. Conversely, Nano Labs (NA), Cheetah Mobile (CMCM), Powerbridge Technologies (PBTS), SEALSQ (LAES), Saverone 2014 (SVRE), and OMNIQ (OMQS) shares fell, with some experiencing substantial increases in trading volume.
November 17, 2023 | 9:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Cheetah Mobile shares decreased by 8.42% to $1.96, with a market value of $58.7 million.
The decline in Cheetah Mobile's stock price suggests negative market sentiment, but the article does not provide details on the cause of the decrease.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
SEALSQ shares declined by 7.57% to $1.1, with a significant increase in trading volume.
The decline in SEALSQ's stock price, coupled with a massive increase in trading volume, indicates a strong market reaction, though the article does not explain the cause.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
Nano Labs shares fell 14.1% to $1.34, with a market cap of $87.5 million.
The significant drop in Nano Labs' stock price could indicate negative investor sentiment or reactions to recent events, though the article does not specify the cause.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
OMNIQ stock declined by 5.72% to $0.53 following their Q3 earnings released 4 days ago.
The decline in OMNIQ's stock price is likely a reaction to their Q3 earnings released 4 days ago. The impact is significant due to the timing of the earnings announcement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Powerbridge Technologies shares decreased by 7.93% to $0.7, with a market cap of $3.2 million.
The drop in Powerbridge Technologies' stock price could reflect negative investor sentiment, although the specific reasons are not mentioned in the article.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Saverone 2014 shares fell 5.94% to $0.3, with an unusually high trading volume.
Saverone 2014's stock price decrease and high trading volume suggest significant investor activity, but the reasons behind the movement are not provided.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Argo Blockchain stock increased by 3.57% to $1.16 following their Q3 earnings release 3 days ago.
Argo Blockchain's stock price increase is likely due to the market's reaction to their Q3 earnings. The relevance and importance are high due to the timing of the earnings release.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Arqit Quantum stock rose 3.18% to $0.57, with a market value of $92.8 million.
Arqit Quantum's stock price increase suggests investor interest, but the article lacks specific catalysts for the movement.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
BIO-key Intl stock rose 3.85% to $0.17, with a market value of $2.2 million.
The rise in BIO-key Intl's stock price indicates positive market activity, although the article does not provide specific reasons for the increase.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
WM Tech shares moved upwards by 3.79% to $0.82, with a market value of $76.9 million.
WM Tech's stock price increase is a positive sign, but without specific news or events, the impact is considered moderate.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Remark Hldgs shares increased by 4.39% to $0.57, with a market value of $11.2 million.
Remark Hldgs' stock price increase suggests a positive investor sentiment. The impact is moderate as the article does not specify the reason for the increase.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Oblong shares rose 16% in after-market trading following their Q3 earnings report 3 days ago.
The positive movement in Oblong's stock price is likely due to the market's favorable reaction to their Q3 earnings report. Given the significant percentage increase and the fact that the earnings were recently released, this news is highly relevant and important to investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100