12 Information Technology Stocks Moving In Tuesday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's after-market session, several information technology stocks experienced movement. Ascent Solar Technologies, Movella Holdings, FOXO Technologies, Xunlei, Addvantage Technologies, and Expensify saw gains, with Ascent Solar leading at a 5.7% increase. On the downside, Meta Materials, Infrared Cameras Holdings, WiSA Technologies, Cyngn, Texas Instruments, and Dropbox experienced declines, with Meta Materials dropping the most at 13.2%. Texas Instruments' Q4 earnings were released the same day.

January 23, 2024 | 9:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Cyngn stock fell by 4.14% to $0.17, with a market cap of $8.8 million.
The after-market decline could be indicative of a bearish trend for the upcoming trading session.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Dropbox stock fell 3.97% to $31.04, with a market cap of $10.4 billion.
The after-market drop may reflect investor concerns, potentially leading to a negative short-term price movement.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Meta Materials shares dropped by 13.2% to $0.06, with a market cap of $32.7 million.
The significant decline is a strong bearish signal that could negatively affect the stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 95
NEGATIVE IMPACT
Infrared Cameras Holdings shares fell by 4.67% to $2.45, with a market cap of $29.2 million.
The after-hours decline may continue into the next trading session, indicating a bearish outlook.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Texas Instruments stock decreased by 3.98% to $167.41, with a market cap of $152.0 billion, coinciding with their Q4 earnings release.
The drop after the Q4 earnings announcement could lead to a negative short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
WiSA Technologies stock decreased by 4.16% to $0.09, with a market cap of $2.0 million.
The decline in after-market may suggest a negative sentiment that could extend into the next trading day.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Addvantage Technologies stock increased by 4.07% to $2.81, with a market cap of $4.2 million.
The gain in after-hours could lead to a positive start in the next session, reflecting short-term investor optimism.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Ascent Solar Technologies shares rose by 5.7% to $0.72, with a market cap of $2.4 million.
The significant after-market gain suggests positive investor sentiment which may continue into the next trading session.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 90
POSITIVE IMPACT
Expensify stock went up by 3.29% to $1.88, with a market cap of $157.4 million.
The after-market gain could suggest a positive sentiment that might carry over to the next trading day.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
FOXO Technologies stock increased by 4.63% to $0.28, with a market cap of $2.5 million, following their Q3 earnings release.
The positive movement post-Q3 earnings suggests investor confidence which may impact the next session.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
POSITIVE IMPACT
Movella Holdings shares increased by 5.01% to $0.4, with a market cap of $20.3 million.
The after-market rise indicates a positive reaction which might lead to a short-term uptrend.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 80
POSITIVE IMPACT
Xunlei shares rose by 4.63% to $1.58, with a market cap of $103.2 million.
The after-market increase could signal a short-term bullish trend for the next trading day.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70