12 Information Technology Stocks Moving In Tuesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's pre-market session, several information technology stocks showed significant movement. Notably, Intellinetics, Gorilla Tech Gr, and Palantir Technologies were among the top gainers, with Intellinetics leading at a 28.6% increase. On the downside, Peraso experienced a sharp decline of 44.3%, followed by Rambus and Gartner. The movements were largely influenced by recent earnings reports, with companies like Palantir, Coherent, Rambus, Gartner, and Amkor Tech releasing their Q4 earnings.
February 06, 2024 | 1:06 pm
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POSITIVE IMPACT
Gorilla Tech Gr stock increased by 21.1% to $1.32, with a market cap of $99.9 million.
The pre-market gain for Gorilla Tech Gr suggests positive investor sentiment, which could lead to further short-term gains.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Intellinetics shares surged 28.6% in pre-market trading, with a market value of $36.6 million.
The significant pre-market rise in Intellinetics' stock price could attract investor interest, potentially leading to short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Palantir Technologies' stock rose 18.95% to $19.89, with a market value of $43.2 billion following its Q4 earnings release.
The positive reaction to Palantir's Q4 earnings indicates strong investor approval, likely leading to continued short-term upward momentum.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
NEGATIVE IMPACT
Peraso's stock plummeted 44.3% to $1.7 in pre-market trading, with a market value of $1.3 million.
The drastic pre-market decline in Peraso's stock price suggests negative investor sentiment, likely leading to further short-term depreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 95
NEGATIVE IMPACT
Rambus stock fell 9.91% to $61.6, with a market cap of $6.6 billion, following its Q4 earnings report.
The negative market reaction to Rambus' Q4 earnings suggests concerns among investors, potentially leading to further short-term stock price decline.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90