12 Information Technology Stocks Moving In Tuesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's pre-market session, several information technology stocks showed significant movement. Cyngn, SMX, Phunware, DZS, WISeKey Intl Holding, and CISO Global were among the gainers, with increases ranging from 7.47% to 35.1%. Conversely, Presto Automation, Nvni Group, Stronghold Digital Mining, ARB IOT Group, Oblong, and Akerna experienced declines between 5.0% and 11.1%. Market capitalizations for these companies vary, with Cyngn at $8.8 million and Phunware at $113.5 million.
January 23, 2024 | 1:06 pm
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POSITIVE IMPACT
CISO Global shares increased by 7.47% to $0.11, with a market cap of $19.1 million.
The pre-market rise could be a positive signal to investors, possibly leading to further price appreciation in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Cyngn shares surged 35.1% to $0.17, with a market cap of $8.8 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
DZS shares climbed 9.03% to $1.81, with a market cap of $67.9 million.
The pre-market gain could indicate a bullish trend for the day, possibly leading to further short-term price increases.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Phunware shares increased by 12.76% to $0.4, with a market cap of $113.5 million.
The notable rise in pre-market trading could attract more investors, potentially driving the price up in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
SMX shares rose 19.7% to $0.32, with a market value of $1.9 million.
The pre-market increase indicates a positive reaction from investors, potentially leading to further short-term gains.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
WISeKey Intl Holding shares rose 8.41% to $2.19, with a market cap of $21.2 million.
The increase in pre-market trading could suggest investor confidence, potentially leading to more short-term gains.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100
NEGATIVE IMPACT
ARB IOT Group shares decreased by 6.04% to $1.09, with a market value of $28.8 million.
The pre-market decline may continue to affect the stock's performance negatively in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Akerna stock declined by 5.0% to $0.27, with a market cap of $2.8 million.
The drop in pre-market trading may reflect ongoing negative sentiment, potentially leading to further short-term depreciation.
CONFIDENCE 75
IMPORTANCE 55
RELEVANCE 100
NEGATIVE IMPACT
Nvni Group shares decreased by 7.83% to $2.59, with a market cap of $73.5 million.
The pre-market drop could indicate bearish investor sentiment, potentially leading to further price declines in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Oblong shares fell 5.52% to $0.15, with a market value of $2.4 million.
The pre-market decline could be a sign of continued bearish sentiment, possibly leading to further short-term losses.
CONFIDENCE 75
IMPORTANCE 55
RELEVANCE 100
NEGATIVE IMPACT
Presto Automation shares fell 11.1% to $0.28, with a market value of $18.8 million.
The decline in pre-market trading may reflect negative sentiment, which could lead to further short-term downside.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Stronghold Digital Mining stock fell 6.4% to $4.98, with a market value of $59.0 million.
The decrease in pre-market could suggest a negative outlook, which might result in further short-term price drops.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100