12 Information Technology Stocks Moving In Friday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Friday's intraday session, 12 Information Technology stocks showed significant movements. Notable gainers included Kopin, Remark Holdings, CCSC Technology, Minim, Dave, and Applied Optoelectronics, with increases ranging from 12.95% to 34.2%. On the downside, Addvantage Technologies, WaveDancer, Gen Digital, Cyngn, Atlassian, and Baijiayun Group experienced declines between 10.78% and 23.4%. Gen Digital and Atlassian's movements were influenced by their recent earnings reports.
February 02, 2024 | 5:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Gen Digital shares declined 14.34% to $20.49, with a market value of $13.1 billion following Q3 earnings.
The decline in Gen Digital's stock price post-Q3 earnings suggests the market's reaction may have been negative to the earnings report or its implications.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Atlassian shares fell 12.94% to $221.92, with a market cap of $57.2 billion after Q2 earnings release.
Atlassian's stock price decrease following the Q2 earnings announcement indicates a possibly unfavorable market response to the earnings details.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Kopin shares surged 34.2% to $2.47, with a market value of $272.8 million.
The significant increase in Kopin's stock price indicates strong investor confidence, potentially due to positive market sentiment or company-specific news.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90