12 Information Technology Stocks Moving In Friday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Friday's pre-market session, several IT stocks showed significant movement. Cyngn, Aurora Mobile, AppFolio, Presto Automation, Porch Group, and Auddia experienced gains, with AppFolio's rise attributed to its Q4 earnings report. Conversely, Intel, My Size, GSI Technology, GSE Systems, ReAlpha Tech Corp, and Backblaze saw their stock prices fall, with Intel's and GSI Technology's drops linked to their Q4 and Q3 earnings reports, respectively.
January 26, 2024 | 1:05 pm
News sentiment analysis
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NEGATIVE IMPACT
ReAlpha Tech Corp's shares fell 5.04% to $1.32, with a market cap of $58.2 million.
The pre-market decline may reflect investor caution, potentially leading to a short-term negative price trend.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100
NEGATIVE IMPACT
Backblaze's stock dropped 4.95% to $7.88, with a market cap of $296.2 million.
The pre-market decrease indicates a bearish sentiment among investors, which could negatively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100
NEGATIVE IMPACT
GSI Technology's stock fell 8.6% to $2.02 after the Q3 earnings report, with a market cap of $50.9 million.
The decline following the Q3 earnings report indicates a negative investor response, likely affecting the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
GSE Systems' stock decreased by 7.29% to $1.4, with a market cap of $4.0 million.
The pre-market drop suggests a negative market sentiment, which could lead to further short-term price declines.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100
NEGATIVE IMPACT
Intel's stock declined by 9.8% to $44.69 following the Q4 earnings report, with a market cap of $188.4 billion.
The negative market reaction to the Q4 earnings report suggests a bearish short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
My Size's stock declined by 9.56% to $0.37, with a market cap of $1.3 million.
The pre-market decline could indicate negative sentiment, potentially leading to further short-term price depreciation.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100
POSITIVE IMPACT
AppFolio's stock rose 14.46% to $199.6 after the Q4 earnings report, with a market cap of $7.1 billion.
The positive reaction to the Q4 earnings report is likely to influence the stock price positively in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Auddia's shares rose 10.85% to $0.24, with a market cap of $4.8 million.
The pre-market rise indicates investor optimism, which could translate into short-term price growth.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100
POSITIVE IMPACT
Cyngn's stock rose 32.0% to $0.28, with a market cap of $15.1 million.
The significant pre-market gain suggests positive investor sentiment, which could lead to short-term price momentum.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100
POSITIVE IMPACT
Aurora Mobile's shares increased by 18.55% to $4.09, with a market cap of $24.4 million.
The substantial pre-market increase indicates strong investor interest, potentially leading to further short-term gains.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100
POSITIVE IMPACT
Porch Group's stock rose 12.12% to $2.59, with a market cap of $256.0 million.
The pre-market increase suggests a positive outlook from investors, potentially leading to short-term price gains.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100
POSITIVE IMPACT
Presto Automation's stock increased by 12.52% to $0.27, with a market cap of $18.1 million.
The pre-market gain indicates positive investor sentiment, which may lead to short-term price appreciation.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100