11 Information Technology Stocks Moving In Tuesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's pre-market session, several information technology stocks showed significant movement. Gainers included Signing Day Sports (SGN), TeraWulf (WULF), Canaan (CAN), Marathon Digital Holdings (MARA), BTCS (BTCS), and Bit Origin (BTOG), with increases ranging from 13.73% to 32.7%. Conversely, Alpine 4 Holdings (ALPP), Oblong (OBLG), ARB IOT Group (ARBB), MMTEC (MTC), and Applied Optoelectronics (AAOI) experienced declines between 4.25% and 26.5%.
January 02, 2024 | 1:05 pm
News sentiment analysis
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NEGATIVE IMPACT
Applied Optoelectronics' stock fell 4.25% to $18.5, with a market cap of $700.8 million.
The drop in Applied Optoelectronics' stock price indicates a potential negative reaction from the market, suggesting a bearish short-term impact.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 100
NEGATIVE IMPACT
Alpine 4 Holdings' shares fell 26.5% to $0.54, with a market cap of $14.5 million.
The sharp decline in Alpine 4 Holdings' stock price could be indicative of negative news or investor sentiment, suggesting a bearish short-term impact.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
ARB IOT Group's shares declined by 8.63% to $2.33, with a market cap of $61.5 million.
The decrease in ARB IOT Group's stock price suggests a negative market reaction, which could have a bearish short-term effect.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
MMTEC shares fell 7.67% to $0.92, with a market cap of $183.8 million.
The pre-market decline in MMTEC's shares could be due to negative sentiment or news, pointing to a possible short-term downward trend.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Oblong's shares decreased by 13.64% to $0.17, with a market cap of $2.5 million.
Oblong's pre-market drop may reflect investor worries or unfavorable developments, likely leading to a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
BTCS stock increased by 15.28% to $1.88, with a market cap of $27.0 million.
The pre-market rise in BTCS stock suggests a positive investor response, which could lead to further short-term gains.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 100
POSITIVE IMPACT
Bit Origin shares increased by 13.73% to $4.72, with a market cap of $25.6 million.
The notable rise in Bit Origin's shares could indicate market approval of recent developments, potentially leading to a short-term positive trend.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 100
POSITIVE IMPACT
Canaan shares rose by 16.01% to $2.68, with a market cap of $458.4 million.
The increase in Canaan's shares could be driven by market trends or company-specific news, likely leading to a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Marathon Digital Holdings' stock rose 16.0% to $27.25, with a market cap of $6.0 billion.
Marathon Digital Holdings' pre-market gain may reflect investor optimism, possibly related to the cryptocurrency market movements, suggesting a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Shares of Signing Day Sports rose 32.7% to $1.5, with a market cap of $19.8 million.
The significant pre-market gain suggests positive investor sentiment, which could lead to a short-term price increase if the momentum continues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
TeraWulf's stock increased by 16.25% to $2.79, with a market cap of $672.1 million.
The pre-market uptick indicates a positive short-term outlook, potentially due to favorable news or market conditions affecting the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100