12 Information Technology Stocks Moving In Thursday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Thursday's intraday session, several information technology stocks experienced significant movements. Gainers included LAES, TGAN, SPEC, WKEY, EMKR, and SAI with increases ranging from 14.41% to 43.0%. On the losing side, RELL, PBTS, MARA, RIOT, AAOI, and MTC saw declines between 14.93% and 20.1%. Notably, RELL's drop followed their Q2 earnings release.
January 11, 2024 | 5:30 pm
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NEGATIVE IMPACT
AAOI shares dropped 16.8% to $17.97, with a market cap of $680.7 million.
AAOI's stock price decline could be due to negative market sentiment or disappointing company developments, which may lead to further short-term depreciation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
MARA shares fell 17.84% to $21.06, with a market cap of $4.6 billion.
MARA's stock decline could be due to broader market trends, especially in the cryptocurrency sector, which may continue to affect the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
MTC shares decreased 14.93% to $1.96, with a market cap of $389.6 million.
The drop in MTC's stock price suggests a negative reaction from the market, potentially due to company-specific issues, which could continue to impact the stock in the short term.
CONFIDENCE 90
IMPORTANCE 55
RELEVANCE 100
NEGATIVE IMPACT
PBTS shares decreased by 19.29% to $0.97, with a market cap of $4.5 million.
The significant drop in PBTS's stock price may reflect negative investor sentiment or adverse company news, which could persist in the short term.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100
NEGATIVE IMPACT
RELL stock fell 20.1% to $9.99 following their Q2 earnings release, with a market cap of $142.6 million.
The decline in RELL's stock price is directly related to the market's reaction to their Q2 earnings, which could lead to continued short-term bearish sentiment.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
RIOT shares dropped 17.27% to $12.87, with a market cap of $2.6 billion.
The decrease in RIOT's stock price may be influenced by the same factors affecting MARA, as both are in the cryptocurrency space, suggesting a possible continued downtrend in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
EMKR shares increased 15.23% to $0.53, with a market cap of $40.9 million.
EMKR's stock price growth suggests a positive market response, which may continue to influence the stock's short-term trajectory.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
LAES shares soared 43.0% to $2.79, with a market cap of $25.1 million.
The substantial increase in LAES's stock price suggests positive investor sentiment or reaction to company-specific news, which could lead to continued short-term momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
SAI stock rose 14.41% to $1.19, with a market cap of $28.3 million.
The increase in SAI's stock price could be indicative of market confidence or recent positive news, potentially leading to more short-term upside.
CONFIDENCE 90
IMPORTANCE 55
RELEVANCE 100
POSITIVE IMPACT
SPEC shares climbed 17.28% to $2.85, with a market cap of $43.7 million.
SPEC's stock price increase could reflect positive investor sentiment or favorable news, potentially leading to further short-term gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
TGAN stock jumped 25.32% to $4.75, with a market cap of $294.5 million.
The significant rise in TGAN's stock price indicates a strong market reaction, potentially due to recent company developments, which may result in further short-term appreciation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
WKEY stock increased 16.11% to $2.6, with a market cap of $25.1 million.
The rise in WKEY's stock price may be driven by investor optimism or positive developments, which could sustain short-term upward movement.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 100