12 Information Technology Stocks Moving In Tuesday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Tuesday's intraday session, several information technology stocks experienced significant movements. Saverone 2014 (SVRE) led the gainers with a 29.3% rise, while CSP Inc. (CSPI) experienced the largest drop among the losers, falling 18.3% after releasing Q4 earnings. Other notable movers included Mawson Infra Gr (MIGI), Aeva Technologies (AEVA), Digital Turbine (APPS), and Glimpse Group (VRAR) on the gainers' side, and ReAlpha Tech Corp (AIRE), SilverSun Technologies (SSNT), Wrap Technologies (WRAP), Cyngn (CYN), and Semantix (STIX) among the losers.
December 12, 2023 | 5:31 pm
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NEGATIVE IMPACT
CSP Inc. (CSPI) stock fell 18.3% to $18.5, with a market cap of $87.4 million, following the release of Q4 earnings.
The drop in CSPI's stock price is a direct reaction to the Q4 earnings release. Negative earnings results often lead to a short-term decline in stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Aeva Technologies (AEVA) stock increased by 11.43% to $0.65, with a market cap of $168.8 million.
The rise in AEVA's stock price indicates positive investor response, potentially due to recent developments or favorable market conditions for tech stocks, suggesting a short-term upward trend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Digital Turbine (APPS) stock rose 10.65% to $6.75, with a market cap of $683.8 million.
APPS's stock price increase is a positive sign that investors are optimistic about the company's future, which could lead to further short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Mawson Infra Gr (MIGI) stock increased by 12.92% to $1.17, with a market cap of $19.5 million.
MIGI's stock price increase suggests positive investor sentiment, which could be due to company-specific news or broader market trends. This may result in a short-term positive impact on the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Saverone 2014 (SVRE) stock rose significantly by 29.3% to $0.75, with a market cap of $4.5 million.
The substantial rise in SVRE's stock price indicates a positive market reaction, likely due to investor optimism or recent company developments. This could lead to a short-term continuation of the upward trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Glimpse Group (VRAR) shares rose 8.71% to $1.44, with a market cap of $23.9 million.
VRAR's stock price increase may reflect growing investor interest in virtual reality technologies, potentially leading to short-term positive momentum.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70