12 Information Technology Stocks Moving In Thursday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Thursday's intraday session, several IT stocks experienced significant movements. Phunware (PHUN) led the gainers with a 49.6% increase, while Airspan Networks Holdings (MIMO) saw the largest decline among the losers, dropping 18.1%. Notably, NVE Corporation (NVEC) rose 9.65% following their Q3 earnings report released the previous day.
January 18, 2024 | 5:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Airspan Networks Holdings shares dropped 18.1% to $0.18, with a market cap of $13.4 million.
The significant drop in Airspan Networks Holdings' stock price could reflect negative market sentiment or disappointing company developments, potentially leading to further short-term decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
NVE Corporation shares rose 9.65% to $77.6 following their Q3 earnings report.
The positive movement in NVE Corporation's stock price is likely a direct response to their Q3 earnings report, indicating a favorable reception by the market which may persist in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Phunware stock soared 49.6% to $0.24, with a market cap of $43.5 million.
The substantial intraday increase in Phunware's stock price suggests positive investor sentiment or reaction to company-specific news, which could lead to continued short-term momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100