12 Information Technology Stocks Moving In Tuesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's pre-market session, several IT stocks showed significant movement. Phunware, SEALSQ, MariaDB, WISeKey Intl Holding, Bitdeer Technologies, and Infrared Cameras Holdings were gainers, with Phunware leading at a 50.5% increase. On the losing side, Bit Origin, Applied Digital, BIO-key Intl, BTC Digital, TeraWulf, and ARB IOT Group saw declines, with Bit Origin dropping 24.7%. Applied Digital's drop is attributed to its Q2 earnings report released today.
January 16, 2024 | 1:05 pm
News sentiment analysis
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NEGATIVE IMPACT
Applied Digital's stock fell 16.16% to $6.28, with a market cap of $667.5 million, following its Q2 earnings report.
Earnings reports are critical events that can cause significant stock price movements. The negative reaction suggests the report may have missed expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
NEGATIVE IMPACT
Bit Origin's stock decreased by 24.7% to $2.52 in pre-market trading, with a market cap of $13.9 million.
The substantial pre-market decline suggests negative sentiment or reactions to recent developments, potentially leading to further short-term downside.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Phunware stock surged 50.5% to $0.11 in pre-market trading with a market cap of $20.4 million.
A significant pre-market increase often indicates strong investor interest, which could lead to further short-term gains as the market opens.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90