12 Information Technology Stocks Moving In Wednesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Wednesday's pre-market session, several IT stocks showed significant movement. NetApp (NTAP) and Workday (WDAY) experienced gains after their Q2 and Q3 earnings reports, respectively. Tuya (TUYA) also rose following its Q3 earnings. Conversely, Cyngn (CYN), Roadzen (RDZN), Agora (API), Jabil (JBL), SMX (Security Matters), and FOXO Technologies (FOXO) saw their stock prices fall. Other movers included Sobr Safe (SOBR), Alpha Technology Group (ATGL), and WiSA Technologies (WISA).
November 29, 2023 | 1:06 pm
News sentiment analysis
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NEGATIVE IMPACT
Cyngn's stock fell by 11.9% to $0.22 in the pre-market session.
Cyngn's stock is experiencing a short-term negative impact, possibly due to unfavorable market sentiment or other negative news not specified in the article.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Jabil's stock decreased by 7.8% to $120.5, with a market cap of $15.4 billion.
Jabil's stock price is likely to face a short-term negative impact, potentially due to market reactions to factors not detailed in the article.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NetApp's stock rose by 11.9% to $87.39 in pre-market trading after their Q2 earnings report.
The significant pre-market gain for NetApp is likely due to positive investor reaction to their Q2 earnings report, suggesting a short-term bullish sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Tuya's shares increased by 9.42% to $2.09 after their Q3 earnings were announced.
Tuya's stock price is likely to be positively impacted in the short term due to the market's positive response to their Q3 earnings report.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Workday's stock increased by 9.71% to $260.4 following the release of their Q3 earnings.
Workday's stock is experiencing a short-term positive impact due to the favorable reception of their Q3 earnings, indicating a potential upward trend.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90