12 Information Technology Stocks Moving In Friday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Friday's after-market session, several information technology stocks experienced significant movements. FOXO Technologies (FOXO) saw a 28.1% increase, while Baijiayun Group (RTC) faced a 15.3% decline. Other notable gainers included Inuvo (INUV), D-Wave Quantum (QBTS), DatChat (DATS), Sonim Technologies (SONM), and Mawson Infra Gr (MIGI). On the losing side were Nvni Group (NVNI), Castellum (CTM), Smith Micro Software (SMSI), Marin Software (MRIN), and Intrusion (INTZ).
January 19, 2024 | 9:31 pm
News sentiment analysis
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Castellum's stock decreased by 6.95% to $0.36, with a market cap of $17.2 million.
Castellum's after-market drop could reflect concerns about the real estate tech sector or company-specific issues, indicating a possible short-term downtrend.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 90
NEGATIVE IMPACT
Intrusion's shares decreased by 3.77% to $0.24, with a market cap of $8.2 million.
Intrusion's stock decline in the after-market session could be due to negative industry news or company-specific factors, suggesting a bearish short-term outlook.
CONFIDENCE 55
IMPORTANCE 40
RELEVANCE 90
NEGATIVE IMPACT
Marin Software's stock dropped by 3.81% to $0.38, with a market cap of $6.9 million.
Marin Software's after-market decline could signal investor caution or dissatisfaction with the company's performance, potentially leading to a short-term negative trend.
CONFIDENCE 55
IMPORTANCE 40
RELEVANCE 90
NEGATIVE IMPACT
Nvni Group's shares fell by 7.07% to $2.5, with a market cap of $70.9 million.
The decline in Nvni Group's stock price suggests negative market sentiment or unfavorable news, which could lead to short-term bearishness.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 90
NEGATIVE IMPACT
Baijiayun Group's stock declined by 15.3% to $2.66, with a market cap of $233.2 million.
The after-market decline for Baijiayun Group may reflect negative news or market reactions, suggesting a bearish outlook in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Smith Micro Software's shares fell by 4.19% to $0.74, with a market cap of $53.2 million.
The decrease in Smith Micro Software's stock may be due to market reactions to news or industry competition, suggesting a potential short-term decline.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 90
POSITIVE IMPACT
DatChat's stock moved up by 6.38% to $1.5, with a market cap of $3.1 million.
DatChat's after-market increase may suggest investor optimism about the company's prospects, potentially leading to short-term price appreciation.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 90
POSITIVE IMPACT
FOXO Technologies' stock surged by 28.1% to $0.44, with a market cap of $2.8 million.
The significant after-market gain for FOXO Technologies suggests positive investor sentiment or reactions to company-specific news, which could lead to continued short-term upward momentum.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Inuvo's shares increased by 7.74% to $0.43, with a market cap of $59.3 million.
Inuvo's after-market rise may continue into the next trading session if the positive sentiment persists, indicating a potential short-term uptrend.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Mawson Infra Gr's shares increased by 4.72% to $2.44, with a market cap of $40.6 million.
Mawson Infra Gr's stock gain could indicate investor confidence in its growth strategy, potentially leading to further short-term increases.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 90
POSITIVE IMPACT
D-Wave Quantum's stock rose by 7.16% to $0.73, with a market cap of $117.4 million.
The increase in D-Wave Quantum's stock price could be due to growing interest in quantum computing, potentially leading to further short-term gains.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Sonim Technologies' stock increased by 6.23% to $0.76, with a market cap of $32.7 million.
The rise in Sonim Technologies' stock could be driven by positive news or favorable industry trends, suggesting potential short-term upside.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 90