12 Information Technology Stocks Moving In Wednesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Wednesday's pre-market session, several information technology stocks showed significant movement. Greenidge Generation Holdings (GREE), NextNav (NN), Ascent Solar Technologies (ASTI), Mawson Infrastructure Group (MIGI), Movano (MOVE), and ARB IOT Group (ARBB) experienced gains, while Phunware (PHUN), Meta Materials (MMAT), Addvantage Technologies (AEY), Cyngn (CYN), Amtech Systems (ASYS), and Powerbridge Technologies (PBTS) saw their stock prices fall.
January 24, 2024 | 1:05 pm
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POSITIVE IMPACT
ARB IOT Group shares rose 6.83% to $1.25, with a market cap of $33.0 million.
ARBB's stock price increase in pre-market trading could indicate a short-term bullish trend for the stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Ascent Solar Technologies stock increased by 10.29% to $0.75, with a market cap of $2.5 million.
ASTI's stock movement indicates a positive trend that could lead to short-term price appreciation, especially given the small market cap.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Greenidge Generation Holdings shares increased by 12.4% to $3.98, with a market cap of $29.2 million.
The significant pre-market gain for GREE indicates positive investor sentiment, which could lead to a short-term price increase if the momentum continues.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Mawson Infrastructure Group shares rose 8.71% to $2.37, with a market cap of $39.4 million.
MIGI's pre-market gain could attract investor interest, potentially leading to a short-term uptrend in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Movano shares increased by 8.11% to $0.73, with a market cap of $40.6 million.
The positive movement in MOVE's stock price suggests a favorable short-term outlook, which may continue to drive the price up.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
NextNav stock rose 10.38% to $4.25, with a market cap of $468.1 million.
The pre-market rise in NN's stock price suggests a bullish outlook that may persist in the short term, potentially leading to further gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Addvantage Technologies shares fell 10.22% to $2.55, with a market cap of $3.8 million.
AEY's pre-market decline may continue into the regular session, negatively impacting the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Amtech Systems stock declined by 6.05% to $4.2, with a market cap of $59.6 million.
ASYS's pre-market decline suggests a bearish sentiment that may affect the stock price negatively in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Cyngn shares declined by 8.44% to $0.16, with a market cap of $8.4 million.
The drop in CYN's stock price could signal a negative short-term outlook, potentially leading to further price decreases.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Meta Materials stock fell 11.23% to $0.06, with a market cap of $33.5 million.
MMAT's significant pre-market drop could be indicative of a bearish short-term trend, potentially leading to further declines.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Powerbridge Technologies stock fell 5.52% to $1.0, with a market cap of $4.6 million.
The decline in PBTS's stock price during pre-market trading could indicate a short-term downward trend for the stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Phunware stock fell 17.8% to $0.35, with a market cap of $119.0 million.
The sharp decline in PHUN's stock price could lead to a negative short-term impact as investor sentiment may be adversely affected.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80