10 Information Technology Stocks Moving In Thursday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Thursday's intraday session, several IT stocks experienced significant movements. Baijiayun Group (RTC) led the gainers with a 31.7% increase, while The9 (NCTY) headed the losers with a 9.5% decline. Other notable gainers included Iris Energy (IREN), Powerbridge Technologies (PBTS), Aurora Mobile (JG), Alpha Technology Group (ATGL), and Cepton (CPTN). On the losing side were MariaDB (MRDB), Infobird Co (IFBD), and Locafy (LCFY). Market capitalizations were also highlighted, indicating the size of each company.

December 21, 2023 | 5:32 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Infobird Co's shares declined by 7.55% to $1.06, with a market cap of $7.2 million.
The decrease in Infobird Co's stock price suggests that the market may have reacted negatively to recent events or news, potentially leading to more short-term downside.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
NEGATIVE IMPACT
Locafy's shares fell by 6.84% to $8.73, with a market cap of $11.1 million.
The decline in Locafy's stock price could be a sign of market hesitancy or negative sentiment, which may persist in the short term.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80
NEGATIVE IMPACT
MariaDB's stock decreased by 7.68% to $0.33, with a market cap of $22.4 million.
The drop in MariaDB's stock price may be due to negative market reactions or company-specific news, likely leading to further short-term depreciation.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
The9's stock fell by 9.5% to $8.6, with a market cap of $38.6 million.
The decline in The9's stock price could reflect negative investor sentiment or unfavorable news, which may continue to impact the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Alpha Technology Group's stock rose by 17.59% to $12.5, with a market cap of $190.7 million.
The increase in Alpha Technology Group's stock price may be driven by investor optimism, which could continue to boost the stock in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75
POSITIVE IMPACT
Cepton's shares rose by 17.25% to $3.33, with a market cap of $52.7 million.
The positive movement in Cepton's stock price could indicate good market reception to company news or performance, possibly leading to more short-term gains.
CONFIDENCE 65
IMPORTANCE 55
RELEVANCE 70
POSITIVE IMPACT
Iris Energy's stock rose by 29.29% to $7.15, with a market cap of $479.6 million.
A significant rise in stock price often indicates positive developments or market reactions, potentially leading to further short-term gains.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Aurora Mobile's shares increased by 17.76% to $2.32, with a market cap of $13.8 million.
The rise in Aurora Mobile's stock price could suggest market approval of recent company actions or news, possibly leading to short-term positive performance.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80
POSITIVE IMPACT
Powerbridge Technologies' shares increased by 18.42% to $1.35, with a market cap of $6.3 million.
The stock's upward movement could attract more attention, potentially leading to further short-term appreciation.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
POSITIVE IMPACT
Baijiayun Group's stock soared by 31.7% to $2.44, with a market cap of $214.0 million.
The substantial increase in stock price suggests positive investor sentiment or favorable news, which could lead to continued short-term momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100