12 Information Technology Stocks Moving In Monday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Monday's after-market session, GitLab (GTLB) saw a significant increase of 15.3% in stock price following their Q3 earnings report. Other gainers included Presto Automation (PRST), Soluna Holdings (SLNH), Mercurity Fintech Holding (MFH), Meta Materials (MMAT), and Turtle Beach (HEAR). Conversely, Sonic Foundry (SOFO) led the losers with an 18.0% drop, followed by declines in SilverSun Technologies (SSNT), GSE Systems (GVP), Powerbridge Technologies (PBTS), Minim (MINM), and BIO-key Intl (BKYI).
December 04, 2023 | 9:31 pm
News sentiment analysis
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NEGATIVE IMPACT
BIO-key Intl's shares declined by 2.88% to $0.19, showing a slight negative market response.
The slight decline in BIO-key Intl's stock price may reflect a small degree of investor concern, potentially related to company-specific news or general market trends, indicating a short-term bearish trend.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
GSE Systems' stock declined by 7.07% to $3.55, indicating potential investor worries.
The drop in GSE Systems' stock price could be due to negative market sentiment or less-than-favorable company news, pointing to a possible short-term downward trend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Minim's stock declined by 2.9% to $3.69, reflecting a slight negative investor reaction.
Minim's modest stock price decline could indicate a mild negative reaction from investors, possibly due to recent company performance or market conditions, suggesting a short-term bearish outlook.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Powerbridge Technologies' shares decreased by 4.74% to $0.96, suggesting bearish market sentiment.
The decrease in Powerbridge Technologies' stock price may be a sign of investor concern, potentially due to company-specific issues or broader market trends, hinting at a short-term negative direction.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Sonic Foundry's stock plummeted by 18.0% to $0.29, reflecting negative market reaction.
The significant drop in Sonic Foundry's stock price suggests a negative investor response, possibly due to company-specific news or broader market trends, indicating a short-term bearish outlook.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
SilverSun Technologies' shares fell by 11.05% to $11.11, showing a negative investor sentiment.
The decline in SilverSun Technologies' stock price may reflect investor concerns or dissatisfaction with recent company developments, suggesting a short-term bearish trend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
GitLab's stock rose 15.3% to $60.95 after the Q3 earnings report, indicating positive investor sentiment.
The sharp increase in GitLab's stock price is likely due to the Q3 earnings report, which seems to have been received positively by investors, suggesting a potential short-term bullish trend.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Turtle Beach's shares rose by 4.99% to $11.78, indicating a favorable investor response.
The increase in Turtle Beach's stock price suggests that investors may be reacting positively to recent company news or performance, pointing to a potential short-term uptrend.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Mercurity Fintech Holding's shares saw a 5.08% increase to $1.24, suggesting a bullish investor stance.
The uptick in Mercurity Fintech Holding's stock price may indicate a positive reaction from investors, possibly due to recent company achievements or market conditions, hinting at a short-term upward movement.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Meta Materials' stock increased by 5.0% to $0.07, reflecting a positive market reaction.
Meta Materials' stock price growth could be a sign of investor confidence, potentially due to recent positive developments within the company or the industry, suggesting a short-term positive trend.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Presto Automation's stock increased by 11.15% to $0.96, showing a positive investor response.
The rise in Presto Automation's stock price may be attributed to positive market sentiment or recent company developments, suggesting a potential short-term uptrend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Soluna Holdings' shares rose by 9.31% to $3.99, indicating investor optimism.
The increase in Soluna Holdings' stock price could reflect positive investor sentiment, potentially due to favorable company news or performance, pointing to a short-term positive trend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80