12 Information Technology Stocks Moving In Monday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Monday's intraday session, several IT stocks experienced significant movements. Remark Holdings (MARK) led the gainers, surging 43.9% to $0.55, while LGL Group (LGL) headed the losers, dropping 26.6% to $4.44. Other notable gainers included Phunware (PHUN), CXApp (CXAI), Comtech Telecom (CMTL), Taoping (TAOP), and Quantum (QMCO). On the losing side were FOXO Technologies (FOXO), MMTEC (MTC), VNET Group (VNET), Mobix Labs (MOBX), and WiSA Technologies (WISA). FOXO's decline followed the release of their Q3 earnings.
January 22, 2024 | 5:31 pm
News sentiment analysis
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POSITIVE IMPACT
Comtech Telecom shares increased 20.5% to $8.11, with a market cap of $230.9 million.
The significant increase in Comtech Telecom's share price may lead to further investor interest in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Remark Holdings shares surged 43.9% to $0.55, with a market cap of $11.5 million.
The significant surge in price indicates strong investor interest, which could lead to continued short-term momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Phunware stock increased 37.41% to $0.35, with a market cap of $62.2 million.
The substantial rise in Phunware's stock price could attract more attention and drive short-term growth.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
FOXO Technologies shares declined by 12.99% to $0.3 following their Q3 earnings release, with a market cap of $1.9 million.
The decline in FOXO Technologies' stock price post-earnings suggests a negative market reaction to their financial performance, likely influencing short-term price action.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
LGL Group shares fell 26.6% to $4.44, with a market cap of $23.7 million.
The sharp decline suggests a negative investor sentiment which may continue to affect the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100