12 Information Technology Stocks Moving In Tuesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's pre-market session, several information technology stocks showed significant movement. Peraso (PRSO) led the gainers with a 37.8% increase, while Oracle (ORCL) experienced the largest drop among the losers, falling 9.1% after their Q2 earnings report. Other notable gainers included Mobilicom (MOB), Bit Digital (BTBT), Argo Blockchain (ARBK), TeraWulf (WULF), and Edgio (EGIO). Among the losers were SilverSun Technologies (SSNT), Minim (MINM), Inuvo (INUV), Cyngn (CYN), and VerifyMe (VRME).
December 12, 2023 | 1:07 pm
News sentiment analysis
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NEGATIVE IMPACT
Cyngn shares declined by 5.94% to $0.16, with a market cap of $6.6 million.
The decrease in Cyngn's stock price in pre-market trading may suggest a negative short-term trend for the stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Inuvo shares fell by 6.06% to $0.31, with a market cap of $42.7 million.
Inuvo's pre-market decline may reflect short-term bearish sentiment among investors.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Minim shares decreased by 7.54% to $3.56, with a market cap of $6.7 million.
The drop in Minim's stock price suggests a negative short-term outlook, which may be due to investor skepticism.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Oracle stock fell 9.1% to $104.62, with a market cap of $286.5 billion, following their Q2 earnings report.
The drop in Oracle's stock price is a direct reaction to their Q2 earnings report, indicating a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
SilverSun Technologies stock declined by 7.63% to $10.05, with a market cap of $52.8 million.
The decline in SilverSun Technologies' stock price could indicate a negative short-term impact, possibly due to investor concerns.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
VerifyMe stock declined by 5.84% to $1.13, with a market cap of $11.2 million.
VerifyMe's pre-market stock price decline could indicate a short-term negative impact, potentially due to broader market sentiment.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Argo Blockchain stock rose by 8.86% to $1.72, with a market cap of $92.0 million.
Argo Blockchain's pre-market gain may be influenced by the current sentiment in the cryptocurrency market, suggesting a positive short-term outlook.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Bit Digital stock increased by 9.68% to $3.17, with a market cap of $287.7 million.
The rise in Bit Digital's stock price could reflect investor confidence, potentially leading to further short-term appreciation.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Edgio stock increased by 5.68% to $0.37, with a market cap of $83.8 million.
Edgio's stock price rise in pre-market trading could suggest a favorable short-term trend for the stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Mobilicom stock rose 12.89% to $1.84, with a market cap of $8.8 million.
The pre-market increase for Mobilicom indicates positive momentum that could carry into the short-term trading session.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Peraso stock increased by 37.8% to $0.25, with a market cap of $7.2 million.
The significant pre-market increase in Peraso's stock price suggests positive investor sentiment, which could lead to further short-term gains.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
TeraWulf shares increased by 7.74% to $1.53, with a market cap of $368.6 million.
The pre-market increase in TeraWulf's shares suggests investor optimism, which could lead to further short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80