12 Information Technology Stocks Moving In Thursday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's pre-market session, several Information Technology stocks showed significant movement. Notably, Blackboxstocks, Minim, and Akoustis Technologies were among the top gainers, while Infobird Co, Addvantage Technologies, and Cemtrex led the losers. Qorvo and MaxLinear also reported their quarterly earnings, influencing their stock prices.
February 01, 2024 | 1:06 pm
News sentiment analysis
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NEGATIVE IMPACT
MaxLinear stock declined by 11.39% to $18.45 after releasing Q4 earnings, with a market cap of $1.5 billion.
The decline in MaxLinear's stock price following its Q4 earnings release suggests a negative market reaction to the financial results, indicating potential short-term bearish sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Blackboxstocks shares surged 45.1% in pre-market trading, with a market cap of $15.1 million.
The significant pre-market surge in Blackboxstocks shares likely indicates strong investor interest or positive sentiment, potentially leading to short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Qorvo shares increased by 6.27% to $106.0 following their Q3 earnings report, with a market cap of $10.3 billion.
Qorvo's stock price increase following its Q3 earnings report suggests the market reacted positively to the financial results, indicating potential short-term bullish sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80