12 Information Technology Stocks Moving In Friday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Friday's after-market session, several information technology stocks experienced movement. EMCORE (EMKR) led the gainers with an 8.0% rise, while Security Matters (SMX) saw the largest decline among the losers, falling 18.6%. Other notable movers included SPI Energy (SPI) and Akerna (KERN) with increases, and Bit Origin (BTOG) and Cyngn (CYN) with decreases. Market capitalizations were also highlighted for each company.
January 26, 2024 | 9:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Bit Origin shares declined by 6.12% to $4.45, with a market value of $24.6 million.
The after-market decline for Bit Origin may continue in the short term as investors react to the negative price movement.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Cyngn stock decreased by 6.06% to $0.25, with a market value of $13.3 million.
Cyngn's stock price decrease may reflect investor skepticism, potentially leading to further short-term declines.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
SMX shares fell 18.6% to $0.35, with a market value of $2.1 million.
The substantial decline in SMX's stock price could indicate negative sentiment, likely leading to further short-term downside.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
EMCORE shares rose 8.0% to $0.68, with a market cap of $52.6 million.
The significant after-market rise in EMCORE's stock price suggests positive investor sentiment, which could lead to a short-term continuation of this upward trend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Akerna stock moved upwards by 4.66% to $0.33, with a market cap of $3.4 million.
Akerna's stock price increase indicates a positive short-term outlook, but the small market cap suggests potential volatility.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
SPI Energy stock increased by 5.85% to $0.64, with a market cap of $20.0 million.
The after-market increase for SPI Energy may attract short-term interest, potentially leading to further gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80