12 Information Technology Stocks Moving In Wednesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Wednesday's pre-market session, several information technology stocks showed significant movement. Airspan Networks (MIMO) saw a dramatic increase of 196.5%, while Impinj (PI) rose by 10.09%. WiSA Technologies (WISA), Nvni Group (NVNI), LG Display Co (LPL), and D-Wave Quantum (QBTS) also experienced gains. Conversely, Phunware (PHUN) plummeted by 61.6%, with DatChat (DATS), Remark Holdings (MARK), Cemtrex (CETXP), Verb Tech (VERB), and Spectaire Holdings (SPEC) all posting losses.
January 17, 2024 | 1:05 pm
News sentiment analysis
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NEGATIVE IMPACT
DatChat's stock declined by 32.24% to $2.15 with a market cap of $4.5 million.
The sharp decline in DatChat's stock price suggests negative sentiment or events affecting the company, which could result in a downward trend in the short term.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Phunware's stock declined by 61.6% to $0.16 with a market cap of $28.8 million.
The significant drop in Phunware's stock price could indicate negative news or market reactions, likely leading to a bearish short-term outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Airspan Networks' stock soared 196.5% in pre-market trading with a market cap of $17.0 million.
The substantial pre-market gain for Airspan Networks suggests a strong positive sentiment that could lead to increased investor interest and potentially higher trading volumes in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Impinj's stock increased by 10.09% to $90.0 with a market cap of $2.4 billion.
Impinj's pre-market rise indicates positive investor sentiment, which may lead to a short-term uptrend as the market opens.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90