12 Information Technology Stocks Moving In Friday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Friday's intraday trading session, several information technology stocks experienced significant movements. Airspan Networks (MIMO) saw a sharp increase of 55.7%, while Wipro (WIT) rose by 18.46% following their Q3 earnings release. Other gainers included UTime (WTO), Inpixon (INPX), OMNIQ (OMQS), and EMCORE (EMKR). Conversely, SEALSQ (LAES), Spectaire Holdings (SPEC), Argo Blockchain (ARBK), WISeKey Intl Holding (WKEY), Greenidge Generation Holding (GREE), and Stronghold Digital Mining (SDIG) faced notable declines.
January 12, 2024 | 5:31 pm
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POSITIVE IMPACT
Airspan Networks shares surged 55.7% with a market cap of $9.1 million.
The significant intraday rise in share price suggests positive investor sentiment, potentially leading to further short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Wipro's stock rose by 18.46% to $6.36 after Q3 earnings were released, with a market cap of $33.1 billion.
The positive earnings report is likely driving the stock price up, indicating potential for continued short-term appreciation.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 95
NEGATIVE IMPACT
Argo Blockchain shares fell 18.91% to $2.06, with a market cap of $118.8 million.
The decline in Argo Blockchain's stock price may reflect investor concerns, potentially leading to further short-term losses.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
SEALSQ shares dropped 36.6% to $2.01, with a market cap of $18.1 million.
The substantial drop in share price could indicate negative market sentiment, possibly leading to further short-term depreciation.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90