12 Information Technology Stocks Moving In Monday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Monday's pre-market session, several IT stocks saw significant movement. Dave (DAVE), Synchronoss Technologies (SNCR), Teradyne (TER), Mawson Infra Gr (MIGI), ReAlpha Tech Corp (AIRE), and Alarum Technologies (ALAR) experienced gains, while Aeva Technologies (AEVA), SMX (Security Matters) (SMX), Bit Origin (BTOG), OneConnect Financial Tech (OCFT), Coda Octopus Group (CODA), and Inpixon (INPX) saw declines. Notably, CODA's Q4 earnings were released.
January 29, 2024 | 1:05 pm
News sentiment analysis
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POSITIVE IMPACT
Dave's stock increased by 8.7% to $16.0 in pre-market trading with a market cap of $192.8 million.
The significant pre-market gain suggests positive investor sentiment which could lead to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Synchronoss Technologies' shares rose 6.64% to $7.7 with a market cap of $79.8 million.
The pre-market increase indicates a positive outlook that could potentially continue into the short-term trading session.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 100
POSITIVE IMPACT
Teradyne shares increased by 6.2% to $112.0, with a market cap of $17.1 billion.
The rise in pre-market trading could lead to a positive short-term trend, reflecting investor confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Aeva Technologies stock plummeted by 35.7% to $0.55 in pre-market trading, with a market cap of $144.0 million.
The substantial pre-market drop is a strong indicator of negative market sentiment, likely to affect the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Coda Octopus Group shares fell 6.96% to $5.75, with a market cap of $63.9 million, following the release of Q4 earnings.
The decline after Q4 earnings release suggests the results may not have met investor expectations, potentially leading to a short-term negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100