12 Information Technology Stocks Moving In Friday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Friday's pre-market session, several IT stocks showed significant movement. VerifyMe (VRME) saw a substantial increase of 42.6%, while Cyngn (CYN) experienced a sharp decline of 34.8%. HashiCorp (HCP) also fell notably by 23.26% following their Q3 earnings release. Other gainers included UTime (WTO), MicroAlgo (MLGO), Casa Systems (CASA), Mobilicom (MOB), and Phunware (PHUN). Losers comprised Ascent Solar Technologies (ASTI), SPI Energy (SPI), Akoustis Technologies (AKTS), and SEALSQ (LAES).
December 08, 2023 | 1:07 pm
News sentiment analysis
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NEGATIVE IMPACT
Akoustis Technologies stock decreased by 5.09% in pre-market trading.
The pre-market decrease may reflect a short-term negative trend in the stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Ascent Solar Technologies shares declined by 6.75% in pre-market trading.
The pre-market decline may suggest a negative short-term outlook for the stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Cyngn shares fell sharply by 34.8% in pre-market trading.
The significant drop in pre-market trading could reflect negative investor sentiment, likely leading to a short-term price decline.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
HashiCorp's stock decreased by 23.26% following their Q3 earnings release.
The post-earnings drop suggests the market's reaction to the Q3 results was negative, which could lead to a short-term downward trend in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
NEGATIVE IMPACT
SEALSQ stock fell 4.63% in pre-market trading.
The decline in pre-market trading indicates a potential short-term downtrend for the stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
SPI Energy stock declined by 6.2% in pre-market trading.
The drop in pre-market trading could lead to a short-term bearish trend for the stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Casa Systems stock increased by 12.03% in pre-market trading.
The pre-market uptick may lead to a short-term positive trend in the stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
MicroAlgo shares rose 15.6% in pre-market trading.
The pre-market gain could signal a positive short-term outlook for the stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Mobilicom stock moved upwards by 9.39% in pre-market trading.
The rise in pre-market trading suggests a possible short-term increase in stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Phunware shares increased by 7.38% in pre-market trading.
The gain in pre-market could indicate a short-term positive momentum for the stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
VerifyMe stock rose significantly by 42.6% in pre-market trading.
The sharp rise in pre-market trading suggests positive investor sentiment which could lead to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
UTime shares increased by 16.89% in pre-market trading.
The increase in pre-market trading indicates a potential short-term bullish trend for the stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70