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. Edgio, Mawson Infra Gr, Auddia, Backblaze, Olo, and CalAmp saw their shares rise, with increases ranging from 4.76% to 10.4%. Conversely, TROOPS, Infobird Co, Akerna, CISO Global, EMCORE, and Red Cat Holdings faced declines between 2.43% and 13.4%. Red Cat Holdings' Q2 earnings report was released three days prior.
December 20, 2023 | 9:31 pm
News sentiment analysis
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NEGATIVE IMPACT
CISO Global shares declined by 3.16% to $0.09, with a market cap of $16.0 million.
The drop in CISO Global's stock price suggests potential short-term negative sentiment among investors.
CONFIDENCE 65
IMPORTANCE 45
RELEVANCE 65
NEGATIVE IMPACT
EMCORE shares fell by 3.0% to $0.4, with a market cap of $30.6 million.
The after-market decline in EMCORE's stock could be a sign of bearish sentiment, potentially affecting the stock in the short term.
CONFIDENCE 65
IMPORTANCE 45
RELEVANCE 65
NEGATIVE IMPACT
Infobird Co's stock fell by 6.08% to $1.08, with a market cap of $7.4 million.
The decrease in Infobird Co's shares could reflect a negative short-term outlook from investors.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 70
NEGATIVE IMPACT
Akerna's shares decreased by 3.74% to $0.28, with a market cap of $2.8 million.
Akerna's stock decline may indicate a negative investor outlook, potentially impacting the stock negatively in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Red Cat Holdings' shares decreased by 2.43% to $0.64, with a market cap of $47.4 million. The Q2 earnings report was released three days ago.
The decline in Red Cat Holdings' stock price following their Q2 earnings report could suggest a negative market reaction, likely influencing the stock negatively in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
TROOPS stock declined by 13.4% to $2.33, with a market cap of $236.7 million.
The sharp decline in TROOPS' stock price could indicate negative sentiment, likely leading to a short-term downtrend.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Auddia's shares rose 5.33% to $0.35, with a market cap of $6.9 million.
The rise in Auddia's stock price may suggest short-term buying interest among investors.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Backblaze's stock moved up by 4.94% to $8.27, with a market cap of $310.9 million.
The increase in Backblaze's shares may be a sign of investor confidence, possibly affecting the stock positively in the short term.
CONFIDENCE 75
IMPORTANCE 55
RELEVANCE 75
POSITIVE IMPACT
CalAmp shares went up by 4.76% to $0.22, with a market cap of $8.3 million.
The uptick in CalAmp's stock suggests a potential short-term positive impact due to investor trading.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Edgio's shares surged 10.4% to $0.38, with a market cap of $85.8 million.
The significant after-market gain for Edgio suggests positive investor sentiment which could lead to a short-term uptrend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Mawson Infra Gr's stock increased by 7.56% to $1.99, with a market cap of $33.1 million.
The after-market rise indicates a positive short-term outlook, potentially due to investor confidence.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Olo's shares increased by 4.9% to $5.77, with a market cap of $947.3 million.
Olo's after-market gain could suggest a positive trend for the stock in the near future.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 80