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. CCSC Technology, MicroCloud Hologram, WeTrade Group, Confluent, MicroAlgo, and ARM Holdings experienced notable gains, with increases ranging from 20.55% to 108.5%. On the downside, Dynatrace, Digital Turbine, Peraso, MariaDB, SatixFy Communications, and Qualys saw declines between 10.15% and 14.8%. Earnings releases were a common factor influencing these movements.
February 08, 2024 | 1:05 pm
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POSITIVE IMPACT
CCSC Technology shares surged 108.5% to $5.4, with a market value of $61.4 million.
The significant surge in CCTG's stock price could attract more investor interest in the short term, potentially maintaining upward price momentum.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
MicroCloud Hologram shares rose 53.66% to $27.66, with a market cap of $164.3 million.
HOLO's significant price increase could lead to heightened investor interest and potentially more gains in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Digital Turbine stock fell 14.09% to $4.33, with a market cap of $438.6 million after its Q3 earnings release.
APPS's stock price drop following Q3 earnings indicates a negative investor response, suggesting short-term bearish sentiment.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Dynatrace stock fell 14.8% to $51.65, with a market value of $15.2 billion following its Q3 earnings release.
The decline in DT's stock price post-Q3 earnings suggests a negative market reaction, likely leading to short-term downward pressure.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90