12 Information Technology Stocks Moving In Tuesday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's after-market session, E2open Parent Holdings (ETWO) and SMART Global Holdings (SGH) saw significant gains after reporting Q3 and Q1 earnings, respectively. My Size (MYSZ), OMNIQ (OMQS), Inseego (INSG), and Sonim Technologies (SONM) also experienced gains. Conversely, Aehr Test Systems (AEHR) dropped after Q2 earnings, along with Backblaze (BLZE), Pegasystems (PEGA), Rekor Systems (REKR), Stronghold Digital Mining (SDIG), and BTCS (BTCS).
January 09, 2024 | 9:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Aehr Test Systems' stock declined by 19.5% after Q2 earnings, suggesting a negative market reaction to the earnings report.
The sharp decline in after-market trading likely indicates investor disappointment with the Q2 earnings, which could negatively affect the stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Backblaze's stock fell 8.97%, which may reflect investor concerns or dissatisfaction with the company's performance or outlook.
The decline in stock price could indicate a bearish sentiment among investors, potentially leading to a short-term negative impact on the stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
BTCS stock decreased by 4.57%, possibly due to market trends or investor reactions to company-specific events.
The stock's downturn could be a result of negative investor sentiment or broader market movements, likely affecting it negatively in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Pegasystems' shares declined by 5.18%, potentially due to market reactions to broader industry trends or company-specific news.
The drop in share price suggests a negative sentiment that could influence the stock's short-term performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Rekor Systems' stock fell 4.95%, indicating possible investor concerns or negative market reactions.
The decrease in stock price may signal a bearish outlook from investors, potentially affecting the stock negatively in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Stronghold Digital Mining's shares decreased by 4.9%, which could reflect negative sentiment or market adjustments.
The decline may be due to investor skepticism or market volatility, potentially leading to a short-term negative impact on the stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
E2open Parent Holdings' stock rose by 15.9% after reporting Q3 earnings, indicating positive investor response.
The significant after-market gain suggests a positive investor reaction to the Q3 earnings report, which could lead to a short-term uptrend.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
SMART Global Holdings' shares increased by 9.84% following the release of Q1 earnings, reflecting a bullish investor sentiment.
The after-market rise indicates that the Q1 earnings report was well-received, potentially leading to a short-term positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90