12 Information Technology Stocks Moving In Thursday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's pre-market session, several IT stocks showed significant movement. Cyngn, Castellum, Digital Ally, COMSovereign Holding, BTCS, and Dave experienced gains, with Cyngn leading at a 25.8% increase. Conversely, Akoustis Technologies, CompoSecure, Phunware, LG Display Co, FOXO Technologies, and Infobird Co saw their shares fall, with Akoustis Technologies dropping by 30.1%. LG Display Co's decline followed their Q4 earnings release, while FOXO Technologies' drop came after their Q3 earnings were announced four days ago.
January 25, 2024 | 1:05 pm
News sentiment analysis
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NEGATIVE IMPACT
Akoustis Technologies' shares plummeted by 30.1% in pre-market trading with a market cap of $35.6 million.
The significant drop in pre-market trading could indicate a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
CompoSecure's stock declined by 8.91% in pre-market trading with a market cap of $96.9 million.
The pre-market decline may lead to a negative short-term trend for the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
FOXO Technologies' stock fell by 6.14% in pre-market trading after their Q3 earnings were announced, with a market cap of $2.4 million.
The decline following the Q3 earnings release could indicate a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Infobird Co's shares dropped by 5.18% in pre-market trading with a market cap of $3.7 million.
The pre-market decline may suggest a bearish short-term outlook for the stock.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
LG Display Co's shares decreased by 7.01% in pre-market trading following their Q4 earnings release, with a market cap of $3.6 billion.
The post-earnings decline suggests a negative investor response to the Q4 results, potentially leading to a short-term drop in stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Phunware's stock fell by 8.07% in pre-market trading with a market cap of $107.0 million.
The decrease in pre-market could negatively affect the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 100
POSITIVE IMPACT
BTCS's stock increased by 9.62% in pre-market trading with a market cap of $21.2 million.
The pre-market gain is likely to have a positive impact on the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
COMSovereign Holding's stock advanced by 11.42% in pre-market trading with a market cap of $2.1 million.
Investors may be reacting positively to the pre-market movement, potentially leading to a short-term uptrend.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Castellum's shares increased by 15.43% in pre-market trading with a market cap of $18.1 million.
The notable pre-market rise indicates a positive short-term outlook for the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Cyngn's stock surged by 25.8% in pre-market trading with a market cap of $12.2 million.
The substantial pre-market gain suggests positive investor sentiment which could lead to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Dave's shares appreciated by 8.74% in pre-market trading with a market cap of $230.6 million.
The pre-market increase may suggest a positive short-term price direction.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Digital Ally's shares rose by 11.89% in pre-market trading with a market cap of $5.7 million.
The pre-market increase may lead to a positive short-term trend in the stock price.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 100