12 Information Technology Stocks Moving In Monday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Monday's intraday session, several IT stocks experienced significant movements. Crexendo, Quantum, Cipher Mining, Neonode, Canaan, and CSP saw gains, with Crexendo leading at a 22.4% increase. Conversely, Ebix, Inpixon, ICZOOM Group, Maxeon Solar Technologies, Alpha Technology Group, and Akerna faced declines, with Ebix dropping 69.6%. CSP's rise follows their Q4 earnings release 4 days ago.
December 18, 2023 | 5:32 pm
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POSITIVE IMPACT
Cipher Mining shares increased by 16.96% to $3.04, with a market cap of $781.7 million.
The stock's upswing could attract more attention, potentially leading to further short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
CSP shares rose 12.77% to $18.83 following their Q4 earnings release 4 days ago, with a market cap of $89.0 million.
The recent earnings report is likely contributing to the stock's performance, suggesting a positive short-term outlook.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 85
POSITIVE IMPACT
Crexendo shares rose 22.4% to $4.12, with a market cap of $107.3 million.
The significant rise in stock price indicates strong investor interest, which could lead to continued short-term momentum.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Quantum stock increased by 17.24% to $0.34, with a market cap of $32.3 million.
The notable rise suggests positive sentiment which may persist in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ebix stock plummeted by 69.6% to $1.5, with a market cap of $46.3 million.
The massive drop is a strong bearish signal, likely to influence the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Inpixon shares fell by 17.34% to $0.06, with a market cap of $7.9 million.
The decline indicates negative market sentiment, which could continue to pressure the stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80