12 Information Technology Stocks Moving In Thursday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's after-market session, several information technology stocks saw movement. Edgio (EGIO) shares rose 6.4%, Alpha Technology Group (ATGL) increased by 6.2%, and Quantum Computing (QUBT) went up by 5.17%. Airspan Networks Hldgs (MIMO), Cepton (CPTN), and MicroAlgo (MLGO) also saw gains. Conversely, Baijiayun Group (RTC), VerifyMe (VRME), Akerna (KERN), Smith Micro Software (SMSI), Synchronoss Technologies (SNCR), and Argo Blockchain (ARBK) experienced declines.
December 21, 2023 | 9:31 pm
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POSITIVE IMPACT
Alpha Technology Group's stock increased by 6.2% to $13.0 with a market cap of $198.4 million.
Alpha Technology Group's after-market gain could indicate a bullish outlook, potentially leading to further short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Cepton's stock increased by 3.31% to $3.43, with a market cap of $54.3 million.
Cepton's after-market gain could be a positive signal for short-term price movement, but the moderate market cap suggests the need for cautious optimism.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Edgio's stock rose 6.4% in after-market trading with a market cap of $83.4 million.
The significant after-market rise in Edgio's stock price suggests positive investor sentiment, which could lead to a short-term continuation of this upward trend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Airspan Networks Hldgs stock rose 3.41% to $0.09, with a market cap of $6.5 million.
The increase in Airspan Networks Hldgs' stock price could suggest a positive short-term trend, although the low market cap may indicate higher volatility.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
MicroAlgo's stock rose 3.14% to $1.64, with a market cap of $71.9 million.
The positive movement in MicroAlgo's stock price after-market could indicate short-term bullish behavior, though the market cap suggests a need for careful analysis.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Quantum Computing's shares increased by 5.17% to $0.93, with the company valued at $69.8 million.
The after-market rise for Quantum Computing may attract investor interest, potentially leading to a short-term positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Argo Blockchain's shares decreased by 3.51% to $2.48, with a market cap of $133.1 million.
Argo Blockchain's stock decline in the after-market session could indicate a negative short-term trend, especially given the volatility in the crypto sector.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
NEGATIVE IMPACT
Akerna's stock declined by 4.83% to $0.28, with a market cap of $2.8 million.
The decline in Akerna's stock price could continue in the short term, but the very low market cap indicates high volatility and uncertainty.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 85
NEGATIVE IMPACT
Baijiayun Group's stock decreased by 14.2% to $1.94, with a market cap of $170.1 million.
The significant drop in Baijiayun Group's stock price could reflect negative investor sentiment, likely leading to a short-term downward trend.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Smith Micro Software's shares fell 4.43% to $0.73, with a market cap of $52.7 million.
The after-market drop for Smith Micro Software may lead to a short-term negative impact on the stock price, with investor caution advised.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 85
NEGATIVE IMPACT
Synchronoss Technologies' shares decreased by 3.75% to $5.4, with a market cap of $56.0 million.
The decrease in Synchronoss Technologies' stock price could suggest a bearish short-term outlook, though the impact may be moderate.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 85
NEGATIVE IMPACT
VerifyMe's stock declined by 6.05% to $1.01, with a market cap of $10.0 million.
VerifyMe's after-market decline may suggest a negative outlook, potentially affecting the stock price negatively in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85