12 Information Technology Stocks Moving In Wednesday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Wednesday's after-market session, several Information Technology stocks showed significant movements. MicroCloud Hologram, ARM Holdings, and Confluent were among the top gainers, with notable increases in their stock prices following their earnings reports. Conversely, Axcelis Technologies, SMX, and Digital Turbine were among the top losers, experiencing declines after their earnings releases.
February 07, 2024 | 9:31 pm
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POSITIVE IMPACT
ARM Holdings' stock increased by 21.92% to $93.89, with a market cap of $96.2 billion, following their Q3 earnings release.
ARM Holdings' stock price jump is likely due to positive Q3 earnings, indicating strong performance and potentially bullish short-term prospects.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Confluent's stock rose 12.72% to $27.38, with a market cap of $8.4 billion, after announcing their Q4 earnings.
The increase in Confluent's stock price post-Q4 earnings suggests positive investor response and optimism for short-term growth.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
MicroCloud Hologram's stock surged 36% in after-hours trading, reaching $24.48, with a market cap of $145.4 million.
The significant surge in MicroCloud Hologram's stock price likely reflects positive investor sentiment following their earnings report, suggesting a bullish outlook in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Axcelis Technologies' shares fell 12.6% to $115.0, with a market cap of $3.7 billion, after their Q4 earnings were announced.
The decline in Axcelis Technologies' stock price following their Q4 earnings release likely indicates investor disappointment or concerns, suggesting a bearish short-term outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Digital Turbine's shares declined 11.08% to $4.48, with a market cap of $454.0 million, after their Q3 earnings report.
The drop in Digital Turbine's stock price post-Q3 earnings suggests negative market reaction, potentially indicating a bearish short-term trend.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90