12 Information Technology Stocks Moving In Friday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Friday's pre-market session, several information technology stocks showed significant movement. MMTEC, Cyngn, Iveda Solutions, Sobr Safe, Verb Tech, and Vertex saw gains, with MMTEC leading at a 35.7% increase. Conversely, Ondas Holdings, Alpha Technology Group, Luna Innovations, Infobird Co, SPI Energy, and LG Display Co experienced declines, with Ondas Holdings dropping by 6.3%. SPI Energy's drop follows their Q3 earnings release three days prior.
November 24, 2023 | 1:06 pm
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POSITIVE IMPACT
Cyngn shares increased by 13.39% to $0.25 with a market cap of $10.3 million.
The pre-market rise indicates a positive short-term outlook, potentially leading to further gains.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Iveda Solutions stock climbed 10.79% to $0.7, with a market cap of $11.2 million.
The pre-market increase may attract more attention, potentially leading to short-term price appreciation.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 85
POSITIVE IMPACT
MMTEC shares surged 35.7% in pre-market trading with a market cap of $264.8 million.
The significant pre-market gain suggests positive investor sentiment which could lead to continued short-term upward price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Sobr Safe's stock rose by 6.65% to $0.61, with a market cap of $11.4 million.
The pre-market gain could suggest a positive trend, possibly leading to further short-term gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Verb Tech's stock increased by 5.92% to $0.21, with a market cap of $3.4 million.
The pre-market movement could lead to more investor interest and a potential short-term price increase.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 75
POSITIVE IMPACT
Vertex's stock saw a 5.16% increase to $28.5, with a market cap of $4.3 billion.
The pre-market gain could indicate a positive short-term outlook, potentially leading to further price increases.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Alpha Technology Group shares fell by 5.66% to $13.02, with a market cap of $195.3 million.
The pre-market decrease may lead to further short-term downward pressure on the stock price.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 85
NEGATIVE IMPACT
Infobird Co shares fell by 4.9% to $1.75, with a market cap of $12.0 million.
The pre-market drop could suggest a bearish outlook, potentially leading to further short-term declines.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 75
NEGATIVE IMPACT
LG Display Co stock dropped by 4.08% to $4.94, with a market cap of $3.5 billion.
The pre-market decrease could reflect a negative sentiment that may lead to further short-term price drops.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Luna Innovations stock decreased by 5.25% to $5.78, with a market cap of $196.2 million.
The pre-market decline could indicate a negative short-term trend for the stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Ondas Holdings stock fell by 6.3% to $1.18, with a market cap of $68.8 million.
The pre-market decline suggests negative sentiment that could continue into the short-term trading session.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
SPI Energy shares decreased by 4.22% to $0.66 following their Q3 earnings release three days ago, with a market cap of $20.8 million.
The decline after the Q3 earnings release suggests the market's negative reception of the results, which could continue to affect the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100