12 Information Technology Stocks Moving In Friday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Friday's pre-market session, several information technology stocks showed significant movement. Gainers included CISO Global, Cyngn, Super Micro Computer, Weave Communications, The9, and Sobr Safe with increases ranging from 7.66% to 20.4%. Conversely, losers comprised Baijiayun Group, Phunware, Castellum, BTC Digital, Verb Tech, and Gorilla Tech Gr with declines between 3.87% and 10.6%.
January 19, 2024 | 1:05 pm
News sentiment analysis
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NEGATIVE IMPACT
BTC Digital's shares fell 4.45% to $4.3, with a market cap of $6.5 million.
BTC Digital's pre-market decline of 4.45% may reflect investor concerns, potentially leading to a negative short-term trend.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 100
NEGATIVE IMPACT
Castellum's shares declined by 8.13% to $0.31, with a market cap of $14.7 million.
The 8.13% pre-market drop for Castellum could signal a bearish sentiment that might affect the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Gorilla Tech Gr's stock decreased by 3.87% to $0.5, with a market cap of $34.4 million.
Gorilla Tech Gr's slight pre-market decline may suggest a cautious short-term outlook from investors.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Phunware's shares fell 10.17% to $0.22, with a market cap of $38.8 million.
Phunware's pre-market decline of 10.17% may continue as the market opens, suggesting a negative short-term outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Baijiayun Group's shares declined by 10.6% to $3.05, with a market cap of $267.4 million.
The significant pre-market drop of 10.6% for Baijiayun Group could indicate a bearish trend for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Verb Tech's stock declined by 4.05% to $0.12, with a market cap of $2.5 million.
The pre-market decrease of 4.05% in Verb Tech's stock could indicate a negative short-term trajectory for the stock.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
CISO Global's stock surged 20.4% to $0.12, with a market cap of $21.4 million.
A significant pre-market increase of 20.4% is likely to attract investor attention and could lead to continued momentum in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Cyngn's shares increased by 14.04% to $0.15, with the company's market cap at $8.1 million.
The 14.04% rise in Cyngn's stock indicates positive investor sentiment which may continue to boost the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
The9's stock moved upwards by 7.69% to $4.34, with a market cap of $20.6 million.
The9's pre-market increase of 7.69% could potentially continue as the market opens, indicating a short-term bullish trend.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Super Micro Computer's stock rose by 11.41% to $347.0, with a market cap of $19.3 billion.
An 11.41% increase for a company with a $19.3 billion market cap is notable and could lead to further short-term gains as investors react.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Sobr Safe's stock increased by 7.66% to $0.42, with a market cap of $7.7 million.
Sobr Safe's stock is experiencing a notable pre-market rise which may lead to further short-term gains as trading begins.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 100
POSITIVE IMPACT
Weave Communications' stock increased by 9.19% to $12.0, with a market cap of $833.6 million.
The pre-market gain of 9.19% for Weave Communications may lead to further short-term positive performance as the market opens.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100