12 Information Technology Stocks Moving In Tuesday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's after-market session, several information technology stocks saw significant movements. Minim, Remark Holdings, BTC Digital, Skyworks Solutions, Manhattan Associates, and Presto Automation experienced gains, with Skyworks and Manhattan Associates releasing their Q1 and Q4 earnings respectively. Conversely, SMX, Sobr Safe, Infobird Co, Oblong, Gorilla Tech Gr, and Avnet saw their stock prices decline.
January 30, 2024 | 9:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Avnet stock declined by 4.71% to $45.62, with a market cap of $4.1 billion.
The after-market decline may be attributed to market reactions to recent company events or broader industry trends, suggesting a bearish short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Gorilla Tech Gr shares declined by 5.38% to $0.51, with a market cap of $38.7 million.
The decrease in share price points to negative market sentiment, which may continue to affect the stock negatively in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Infobird Co stock dropped by 9.53% to $0.57, with a market cap of $4.2 million.
The decline suggests negative market reaction, possibly due to company-specific news or broader market trends, indicating a potential downward trend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Oblong shares fell by 5.42% to $0.21, with a market cap of $3.4 million.
The after-market drop could be due to negative investor sentiment or unfavorable news, potentially leading to a short-term negative impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
SMX stock fell by 20.9% to $0.38, with a market cap of $3.9 million.
The sharp decline in after-market trading indicates negative sentiment, which could lead to further short-term depreciation.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Sobr Safe shares decreased by 10.99% to $0.54, with a market cap of $10.0 million.
The notable after-market decline could reflect investor concerns or negative developments, suggesting a bearish short-term outlook.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
BTC Digital shares went up by 5.07% to $4.35, with a market cap of $6.6 million.
The positive movement in after-hours could be due to investor confidence, suggesting a possible short-term positive trend.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Manhattan Associates stock increased by 4.12% to $233.0 after Q4 earnings, with a market cap of $14.3 billion.
The post-earnings gain suggests the market's favorable reception of the Q4 results, which could positively influence the stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Remark Holdings shares increased by 8.0% to $1.35, with a market cap of $28.2 million.
The after-market rise could indicate investor optimism, potentially leading to further short-term gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Minim shares rose by 10.2% to $2.8, with a market cap of $7.3 million.
The significant after-market gain suggests positive investor sentiment or reaction to recent company news, which could lead to a short-term uptrend.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Presto Automation stock rose 3.68% to $0.25, with a market cap of $17.0 million.
The after-market increase could suggest growing investor interest, potentially leading to short-term positive momentum.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Skyworks Solutions shares rose by 4.81% to $109.35 after releasing Q1 earnings, with a market cap of $17.5 billion.
The increase after the Q1 earnings announcement likely reflects a positive investor response to the financial results, suggesting a bullish short-term impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90