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. Phunware, Digital Ally, Akoustis Technologies, Ascent Solar Technologies, EMCORE, and Castellum saw gains, with EMCORE's rise attributed to its Q4 earnings report released the previous day. Conversely, Amtech Systems, Cepton, Diebold Nixdorf, Saverone 2014, Adobe, and Canaan recorded losses. Notably, Amtech Systems' and Adobe's declines followed their Q4 earnings reports released on the same day.
December 13, 2023 | 9:31 pm
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POSITIVE IMPACT
Akoustis Technologies stock rose 3.84% to $0.65, with a market cap of $47.0 million.
The after-market increase may lead to a short-term positive momentum for the stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Ascent Solar Technologies stock increased by 3.77% to $0.85, with a market cap of $2.8 million.
The stock's after-market gain could suggest a short-term bullish trend.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Castellum stock moved up by 3.41% to $0.22, with a market cap of $10.3 million.
The stock's gain in the after-market session may lead to a short-term positive performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Digital Ally shares increased 3.95% to $1.84, with a market cap of $5.1 million.
The rise in after-market trading could indicate a short-term positive trend for the stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
EMCORE shares rose 3.43% to $0.43, with a market cap of $32.7 million, following its Q4 earnings report.
The positive response to the Q4 earnings report could drive short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Phunware's stock rose 5.6% to $0.08, with a market cap of $13.5 million.
The after-market gain suggests positive investor sentiment, potentially leading to a short-term uptrend.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Adobe stock fell 5.75% to $588.4, with a market cap of $267.8 billion, following its Q4 earnings release.
The decline after the Q4 earnings announcement could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Amtech Systems stock declined by 30.7% to $4.15, with a market cap of $58.7 million, after its Q4 earnings report.
The significant drop after the Q4 earnings report indicates a negative market reaction, likely leading to a short-term downtrend.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Canaan stock declined by 5.35% to $1.24, with a market cap of $212.0 million.
The after-market drop may reflect a short-term bearish trend for the stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Cepton shares fell 21.8% to $3.23, with a market cap of $51.1 million.
The sharp decline in after-market trading suggests a bearish short-term outlook for the stock.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Diebold Nixdorf shares dropped 20.21% to $22.0, with a market cap of $826.4 million.
The significant after-market decline could indicate a negative short-term trend for the stock.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Saverone 2014 stock decreased by 15.85% to $0.57, with a market cap of $3.4 million.
The after-market sell-off suggests a bearish sentiment that may persist in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70