12 Information Technology Stocks Moving In Thursday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's pre-market session, several IT stocks showed significant movement. Phunware, The9, Nvni Group, Remark Holdings, LiveRamp Holdings, and Taiwan Semiconductor were gainers, with Taiwan Semiconductor's rise attributed to its Q4 earnings report. Conversely, M-Tron Industries, Meta Materials, BTC Digital, MariaDB, Cemtrex, and Actelis Networks experienced declines in their stock prices.
January 18, 2024 | 1:05 pm
News sentiment analysis
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NEGATIVE IMPACT
Actelis Networks shares declined by 6.62% to $1.13, with a market cap of $3.4 million.
The pre-market drop may indicate a bearish investor sentiment or response to industry news, potentially affecting the stock negatively in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
BTC Digital shares declined by 7.43% to $4.67, with a market cap of $7.1 million.
The pre-market decline may suggest a bearish outlook from investors, which could negatively affect the stock in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Cemtrex shares fell 7.0% to $3.99, with a market cap of $4.2 million.
The pre-market decrease could be a sign of investor hesitance or a negative market reaction, suggesting a possible short-term downtrend.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Meta Materials shares fell 7.61% to $0.07, with a market cap of $39.8 million.
The decrease in pre-market trading could reflect investor concerns or negative market news, potentially leading to a short-term negative impact.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
M-Tron Industries shares declined by 8.6% to $38.61, with a market cap of $107.6 million.
The pre-market decline may indicate negative sentiment or reactions to external factors, suggesting a possible short-term downward trend.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
MariaDB shares decreased by 7.22% to $0.17, with a market cap of $11.5 million.
The drop in pre-market may reflect short-term negative sentiment or market adjustments, possibly leading to further declines.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Remark Holdings shares rose 13.14% to $0.48, with a market cap of $9.9 million.
The pre-market uptick suggests investor confidence, which may lead to a short-term positive trend.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
The9 shares increased by 17.96% to $4.99, with a market cap of $23.6 million.
The notable pre-market rise indicates bullish investor sentiment, potentially leading to further short-term gains.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Nvni Group stock moved upwards by 15.67% to $2.14, with a market value of $60.7 million.
The pre-market increase could indicate a positive short-term outlook, potentially attracting more buyers.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Phunware shares surged 26.9% to $0.21 in pre-market trading with a market cap of $36.8 million.
The significant pre-market increase suggests positive investor sentiment which may lead to a short-term continuation of this upward trend.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
LiveRamp Holdings shares increased by 8.37% to $40.0, with a market cap of $2.6 billion.
The pre-market gain could reflect a positive investor reaction to recent company developments, suggesting a short-term upward movement.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Taiwan Semiconductor shares rose 8.01% to $111.2 after the Q4 earnings report, with a market cap of $576.7 billion.
The rise in share price is directly related to the Q4 earnings report, which is a significant event likely to influence the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100