12 Information Technology Stocks Moving In Tuesday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's after-market session, several information technology stocks experienced significant movements. ComSovereign Holding (COMS) shares increased by 10.5%, while Backblaze (BLZE) rose by 4.9%. Movano (MOVE) and Airspan Networks Hldgs (MIMO) also saw gains of 4.82% and 4.7%, respectively. Conversely, Sigmatron Intl (SGMA) fell by 14.4%, and Cyngn (CYN) dropped by 6.46%, among other decliners.
December 26, 2023 | 9:31 pm
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POSITIVE IMPACT
Backblaze stock increased by 4.9% to $8.12, with a market cap of $305.3 million.
The after-market rise for BLZE suggests continued investor interest, potentially leading to a short-term positive impact on the stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
ComSovereign Holding shares rose 10.5% to $0.88, with a market value of $2.3 million.
The significant after-market gain for COMS indicates positive investor sentiment, which could lead to a short-term uptrend in the stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Cyngn stock dropped by 6.46% to $0.14, with a market cap of $7.7 million.
The decline in CYN's stock price during after-market hours could reflect negative sentiment, potentially leading to a short-term negative impact on the stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Sigmatron Intl shares fell 14.4% to $2.79, with a market value of $17.0 million.
The substantial after-market decline for SGMA could indicate negative news or investor reactions, likely leading to a short-term decrease in stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80