12 Information Technology Stocks Moving In Tuesday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Tuesday's intraday session, several IT stocks experienced significant movements. Neonode, Infobird Co, BIT Mining, Ebix, DZS, and Cipher Mining saw their shares rise, with Neonode leading at a 25.5% increase. Conversely, GSE Systems, AEye, TSR, ComSovereign Holding, Iris Energy, and CalAmp faced declines, with GSE Systems dropping by 33.2%. Market capitalizations varied, with Cipher Mining at the high end with $902.2 million and GSE Systems at the low end with $5.5 million.
December 19, 2023 | 5:32 pm
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POSITIVE IMPACT
BIT Mining's shares increased by 17.62% to $4.71, with a market cap of $52.2 million.
The rise in BIT Mining's stock could be influenced by the current cryptocurrency market trends, potentially affecting short-term performance.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80
POSITIVE IMPACT
Cipher Mining's shares increased by 11.78% to $3.51, with a market cap of $902.2 million.
Cipher Mining's significant market cap and stock increase could indicate robust market trust, potentially leading to continued short-term growth.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
POSITIVE IMPACT
DZS's stock rose by 13.33% to $1.7, with a market cap of $52.9 million.
The positive movement in DZS's stock price could suggest growing investor confidence, potentially leading to short-term positive performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Ebix's stock went up by 14.37% to $1.83, with a market cap of $56.5 million.
The stock's increase could attract more attention from investors, potentially leading to further short-term gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Infobird Co's stock increased by 18.81% to $1.61, with a market cap of $11.0 million.
The upward movement suggests a positive market reaction that could continue in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Neonode's stock rose 25.5% to $2.55, with a market cap of $39.1 million.
The significant rise in stock price indicates positive investor sentiment, which could lead to short-term momentum.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
CalAmp's stock dropped 9.44% to $0.24, with a market cap of $9.2 million.
The decline in CalAmp's stock price suggests possible negative market sentiment, which may persist in the short term.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 70
NEGATIVE IMPACT
ComSovereign Holding's shares fell 16.46% to $0.37.
The drop in ComSovereign Holding's stock price may reflect negative sentiment, potentially leading to further short-term declines.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 70
NEGATIVE IMPACT
GSE Systems' shares fell by 33.2% to $2.13, with a market cap of $5.5 million.
The substantial drop in GSE Systems' stock price could indicate negative investor sentiment, likely leading to further short-term declines.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Iris Energy's shares declined by 10.92% to $5.34, with a market cap of $358.5 million.
Iris Energy's stock decrease could be a reaction to specific company news or broader market trends, likely affecting its short-term performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 75
NEGATIVE IMPACT
AEye's stock decreased by 29.91% to $0.07, with a market cap of $13.3 million.
AEye's significant stock price decline could reflect investor worries, potentially leading to further short-term downward pressure.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
TSR's stock fell by 18.45% to $7.42, with a market cap of $15.9 million.
The decline in TSR's stock could suggest market apprehension, which may continue to affect the stock in the short term.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80