12 Information Technology Stocks Moving In Monday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Monday's intraday session, several IT stocks experienced significant movements. Wipro (WIT) saw a 17% increase after its Q3 earnings report. Airspan Networks (MIMO), EMCORE (EMKR), UTime (WTO), Inpixon (INPX), and Veritone (VERI) also gained. Conversely, SEALSQ (LAES), Minim (MINM), Argo Blockchain (ARBK), Movella Holdings (MVLA), Greenidge Generation (GREE), and The9 (NCTY) faced declines.
January 15, 2024 | 5:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Argo Blockchain stock fell by 19.69% to $2.04, with a market value of $117.7 million.
Argo Blockchain's stock decline could be due to market volatility, especially in the crypto sector, indicating a short-term bearish impact.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Greenidge Generation shares fell by 19.08% to $4.54, with a market cap of $33.4 million.
The decline in Greenidge Generation's stock price may reflect concerns over its business model or market conditions, suggesting a short-term bearish impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
SEALSQ stock plummeted by 29.0% to $2.25, with a market value of $20.2 million.
The significant drop in SEALSQ's stock price indicates a strong negative market reaction, suggesting a short-term bearish impact.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Minim shares fell by 27.28% to $2.96, with a market cap of $7.7 million.
Minim's significant stock price decline suggests negative investor sentiment, likely leading to a short-term bearish impact.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Movella Holdings stock decreased by 19.24% to $0.42, with a market cap of $21.3 million.
Movella Holdings' stock price drop suggests a negative investor response, which may lead to a short-term bearish impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
The9 stock dropped by 18.75% to $5.68, with a market value of $25.5 million.
The9's stock price decrease indicates a bearish sentiment among investors, likely leading to a short-term negative impact on the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
EMCORE's shares rose by 11.5% to $0.56, with a market cap of $43.0 million.
EMCORE's stock appreciation indicates investor confidence, which could lead to a short-term positive impact on its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Inpixon's stock moved up by 9.37% to $0.05, with a market cap of $9.5 million.
The rise in Inpixon's stock price could suggest a short-term positive trend, although the low price point indicates high volatility.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Airspan Networks' shares increased by 15.26% to $0.09, with a market cap of $6.7 million.
Airspan Networks' stock price increase suggests a positive market sentiment, potentially indicating a short-term upward trend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Veritone shares grew by 8.78% to $1.79, with a market cap of $66.6 million.
Veritone's stock increase may reflect positive investor sentiment, potentially leading to a short-term positive impact on its stock price.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Wipro's stock rose by 17% to $6.29, with a market cap of $32.7 billion following its Q3 earnings report.
The significant rise in Wipro's stock price is likely due to positive investor reaction to its Q3 earnings report, suggesting a short-term bullish impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
UTime stock increased by 10.47% to $0.23, with a market cap of $3.1 million.
UTime's stock growth may attract investor interest, potentially leading to a short-term positive impact on its stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70