12 Information Technology Stocks Moving In Tuesday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Tuesday's intraday session, several IT stocks experienced significant movements. Pixelworks (PXLW) saw a 45.3% increase, while Baijiayun Group (RTC) dropped by 75.9%. Sanmina (SANM) rose by 30.03% following their Q1 earnings release, and Calix (CALX) fell 26.14% after their Q4 earnings. Other notable movers included Bit Origin (BTOG), Saverone 2014 (SVRE), Minim (MINM), CCSC Technology (CCTG), Airspan Networks Hldgs (MIMO), UTime (WTO), Quantum (QMCO), and Addvantage Technologies (AEY).
January 30, 2024 | 5:31 pm
News sentiment analysis
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POSITIVE IMPACT
Bit Origin shares increased by 36.37% with a market cap of $28.4 million.
The substantial rise in Bit Origin's stock price could reflect market optimism about the company's prospects, though the reason behind the movement was not specified.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Pixelworks shares surged by 45.3% with a market cap of $122.7 million.
The significant intraday increase in share price suggests positive investor sentiment, potentially due to recent company developments or market conditions favoring tech stocks.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Sanmina shares rose by 30.03% to $65.83 following their Q1 earnings release, with a market cap of $3.6 billion.
The positive reaction in Sanmina's stock price is likely due to favorable Q1 earnings, indicating strong company performance and potentially good future prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
NEGATIVE IMPACT
Calix shares fell 26.14% to $32.76 after their Q4 earnings, with a market value of $2.1 billion.
The decline in Calix's stock price suggests a negative market reaction to their Q4 earnings, which could indicate disappointing results or outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
NEGATIVE IMPACT
Baijiayun Group shares plummeted by 75.9% to $1.8, with a market value of $157.8 million.
The drastic drop in Baijiayun Group's share price indicates a strong negative sentiment, possibly due to adverse company news or broader market trends affecting the sector.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90