12 Information Technology Stocks Moving In Wednesday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Wednesday's after-market session, several information technology stocks experienced significant movements. Nvni Group (NVNI) saw a 39.1% increase, while Quantum (QMCO) rose by 17.54%, and GSE Systems (GVP) by 9.03%. Zuora (ZUO) reported Q3 earnings and its stock increased by 8.98%. Mawson Infra Gr (MIGI) and ReAlpha Tech Corp (AIRE) also saw gains. Conversely, Pure Storage (PSTG) dropped by 17.1% after its Q3 earnings release. Ncino (NCNO), Credo Technology Group (CRDO), Greenidge Generation Hldg (GREE), WiSA Technologies (WISA), and AXT (AXTI) also experienced declines post their earnings reports.
November 29, 2023 | 9:30 pm
News sentiment analysis
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NEGATIVE IMPACT
AXT's stock decreased by 2.9% to $2.01, with a market cap of $87.7 million.
The after-market decline could indicate a negative short-term trend for the stock.
CONFIDENCE 90
IMPORTANCE 40
RELEVANCE 100
NEGATIVE IMPACT
Credo Technology Group's stock fell 4.94% to $18.3 after Q2 earnings, with a market cap of $2.7 billion.
The decline after the Q2 earnings announcement could signal short-term negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Greenidge Generation Hldg's shares decreased by 3.03% to $4.88, with a market cap of $35.9 million.
The after-market decline may reflect investor concerns, potentially leading to a short-term downtrend.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100
NEGATIVE IMPACT
Ncino's stock decreased by 6.61% to $28.0 following the Q3 earnings report, with a market cap of $3.1 billion.
The post-earnings decline suggests investor disappointment, which could negatively impact the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Pure Storage's stock declined by 17.1% to $31.46 after Q3 earnings, with a market cap of $9.8 billion.
The significant drop after the Q3 earnings release indicates a negative market reaction, likely leading to short-term bearish pressure.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
WiSA Technologies' stock declined by 2.9% to $0.13, with a market cap of $3.1 million.
The slight after-market drop suggests a cautious short-term outlook from investors.
CONFIDENCE 90
IMPORTANCE 40
RELEVANCE 100
POSITIVE IMPACT
ReAlpha Tech Corp's stock increased by 7.04% to $3.8, with a market cap of $167.6 million.
The after-market rise suggests a potential short-term positive momentum for the stock.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100
POSITIVE IMPACT
GSE Systems' shares rose 9.03% to $3.5, with a market cap of $9.1 million.
The after-market increase could reflect investor optimism, potentially leading to short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Mawson Infra Gr's stock rose 8.88% to $0.75, with a market cap of $12.4 million.
The after-market gain could indicate a positive short-term trend for the stock.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100
POSITIVE IMPACT
Nvni Group's stock surged 39.1% in after-market trading with a market cap of $89.1 million.
The substantial after-market gain suggests positive investor sentiment, which could lead to continued short-term upward momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Quantum's shares increased by 17.54% to $0.34 with a market cap of $32.2 million.
The significant after-hours rise indicates a positive reaction that could carry into the next trading session.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Zuora's stock increased by 8.98% to $9.1 after releasing Q3 earnings, with a market cap of $1.2 billion.
The positive after-market reaction to the Q3 earnings suggests a bullish short-term outlook for the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100