12 Information Technology Stocks Moving In Friday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Friday's intraday session, several IT stocks experienced significant movements. AppFolio's stock surged 28.3% after their Q4 earnings report. Mawson Infra Gr, Synchronoss Technologies, Cipher Mining, and Cyngn also saw gains. Conversely, Mobilicom, Ostin Technology Group, Dave, GSI Technology, QuickLogic, and Intel reported losses, with Intel's drop following their Q4 earnings release.
January 26, 2024 | 5:31 pm
News sentiment analysis
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POSITIVE IMPACT
AppFolio's stock rose 28.3% to $223.69, with a market cap of $7.9 billion, following their Q4 earnings report.
The significant rise in AppFolio's stock price is directly attributed to the positive reception of their Q4 earnings report, indicating strong short-term bullish sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Cipher Mining's stock increased by 18.06% to $2.79, with a market cap of $716.2 million.
Cipher Mining's stock appreciation could be due to market sentiment or specific company news, indicating a bullish short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cyngn shares increased by 16.51% to $0.25, with a market cap of $13.3 million.
Cyngn's stock rise may be influenced by investor speculation or recent positive developments, leading to a favorable short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Mawson Infra Gr shares increased by 22.07% to $2.48, with a market cap of $41.2 million.
Mawson Infra Gr's stock price increase may be driven by market dynamics or recent company developments, suggesting a positive short-term outlook.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Soluna Holdings stock increased by 16.06% to $3.54.
Soluna Holdings' stock rise could be attributed to general market optimism or specific catalysts, suggesting a positive short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Synchronoss Technologies shares rose 18.71% to $6.85, with a market cap of $71.0 million.
The increase in Synchronoss Technologies' stock price suggests investor confidence and a positive short-term trend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Dave shares decreased by 15.98% to $14.07, with a market cap of $169.6 million.
Dave's stock price drop may be due to negative market reaction or less-than-favorable company updates, indicating a bearish short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
GSI Technology's stock fell 13.29% to $1.92, with a market cap of $48.3 million, following their Q3 earnings announcement.
The drop in GSI Technology's stock price is likely due to investor disappointment in their Q3 earnings, pointing to a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Intel's shares fell 11.39% to $43.91, with a market cap of $185.1 billion, after their Q4 earnings were released.
Intel's stock price decline is a direct consequence of their Q4 earnings release, suggesting a negative market response and bearish short-term outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Mobilicom shares declined by 24.0% to $1.39, with a market cap of $6.7 million.
Mobilicom's significant stock price drop could be a reaction to adverse news or market conditions, suggesting a bearish short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ostin Technology Group shares fell 20.88% to $0.47, with a market cap of $6.6 million.
The decline in Ostin Technology Group's stock price may reflect negative investor sentiment or disappointing company news, leading to a negative short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
QuickLogic shares fell 12.31% to $13.4, with a market cap of $186.3 million.
The decrease in QuickLogic's stock price suggests a negative investor response, possibly due to company-specific news or broader market trends, affecting the stock negatively in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80