12 Information Technology Stocks Moving In Tuesday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Tuesday's intraday session, several IT stocks experienced significant movements. Phunware (PHUN) saw a massive increase of 268.9%, while DatChat (DATS) and SEALSQ (LAES) also posted strong gains. On the downside, Applied Digital (APLD) dropped 22.1% after Q2 earnings release, with Minim (MINM), Inuvo (INUV), The9 (NCTY), Porch Group (PRCH), and Nvni Group (NVNI) also experiencing declines.
January 16, 2024 | 5:31 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Applied Digital shares fell 22.1% to $5.83 after Q2 earnings, with a market cap of $620.2 million.
The decline in Applied Digital's stock price is likely a direct response to its Q2 earnings report, which may have disappointed investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
DatChat stock increased by 61.8% to $3.39, with a market cap of $7.1 million.
DatChat's significant stock price rise indicates positive investor sentiment, which could be driven by recent company developments or speculative trading given its small market cap.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Phunware stock surged 268.9% to $0.28, with a market cap of $50.0 million.
The substantial increase in Phunware's stock price suggests a very positive market reaction, potentially due to company-specific news or broader market trends affecting micro-cap tech stocks.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100