12 Information Technology Stocks Moving In Monday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Monday's pre-market session, several information technology stocks showed significant movement. Mobix Labs, Phunware, FOXO Technologies, Castellum, EMCORE, and Verint Systems were among the gainers, with Mobix Labs leading with a 19.5% increase. On the other hand, Powerbridge Technologies, Nvni Group, Signing Day Sports, SatixFy Communications, Argo Blockchain, and Presto Automation experienced declines, with Powerbridge Technologies dropping by 12.5%. The movements were reflected in the changes in stock prices and market capitalizations for these companies.
January 22, 2024 | 1:05 pm
News sentiment analysis
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NEGATIVE IMPACT
Argo Blockchain shares fell 5.86% to $1.77, with a market cap of $102.1 million.
The pre-market drop indicates bearish sentiment, which could continue to affect the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 80
NEGATIVE IMPACT
Nvni Group shares decreased by 9.67% to $2.43, with a market cap of $69.0 million.
The pre-market drop may indicate negative market sentiment, potentially leading to further short-term declines.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Powerbridge Technologies shares fell by 12.5% to $0.91, with a market cap of $4.2 million.
The significant pre-market decline suggests bearish investor sentiment, which could lead to further short-term downside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Presto Automation stock decreased by 5.73% to $0.27, with a market cap of $18.3 million.
The pre-market decline may signal ongoing negative sentiment, potentially leading to further short-term price erosion.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
SatixFy Communications shares fell by 6.21% to $0.34, with a market cap of $27.4 million.
The pre-market fall may suggest a negative outlook from investors, potentially leading to further short-term declines.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Signing Day Sports shares decreased by 6.87% to $0.67, with a market cap of $8.8 million.
The pre-market decrease could reflect investor concerns, possibly leading to further short-term price drops.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Castellum stock increased by 7.71% to $0.42, with a market cap of $19.9 million.
The pre-market gain could indicate a positive trend, potentially leading to further short-term gains.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
EMCORE shares increased by 7.61% to $0.58, with a market cap of $44.9 million.
The pre-market rise may reflect positive investor sentiment, potentially leading to short-term price growth.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
FOXO Technologies stock rose 11.42% to $0.38 after Q3 earnings, with a market cap of $2.4 million.
The post-earnings increase suggests a positive reception to the Q3 results, potentially leading to short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Mobix Labs shares surged 19.5% to $3.52, with a market cap of $100.9 million.
The significant pre-market gain suggests positive investor sentiment which could lead to continued short-term upward price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Phunware shares increased by 13.14% to $0.29, with a market cap of $51.2 million.
The notable pre-market rise indicates bullish investor behavior which may persist in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Verint Systems shares rose by 6.89% to $30.4, with a market cap of $1.9 billion.
The pre-market increase could be a sign of continued investor interest, possibly leading to short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 80