12 Information Technology Stocks Moving In Monday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Monday's pre-market session, several Information Technology stocks showed significant movements. Genasys, Rackspace Tech, and SMX were among the top gainers, with increases of 17.7%, 13.77%, and 11.11% respectively. On the losing side, LightPath Technologies, MicroCloud Hologram, and Monday.Com experienced declines of 19.8%, 13.82%, and 11.31% respectively. Notably, earnings reports influenced some of these movements, with Amtech Systems, LightPath Technologies, and Monday.Com releasing their financial results.
February 12, 2024 | 1:05 pm
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NEGATIVE IMPACT
LightPath Technologies stock decreased by 19.8% to $1.3, with a market cap of $48.7 million, following its Q2 earnings report.
The sharp decline in LightPath Technologies' stock price following its Q2 earnings report suggests the financial results did not meet investor expectations.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Monday.Com shares fell 11.31% to $209.25, with a market cap of $10.1 billion, after releasing its Q4 earnings report.
The decline in Monday.Com's stock price post-Q4 earnings indicates the results may have disappointed investors or raised concerns about future growth.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Genasys shares rose 17.7% in pre-market trading, with a market cap of $80.5 million.
The significant pre-market rise in Genasys shares suggests positive investor sentiment, potentially due to recent company developments or broader market trends.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Rackspace Tech shares increased by 13.77% to $1.9, with a market cap of $411.1 million.
Rackspace Tech's pre-market gain indicates a strong start to the trading day, possibly driven by favorable news or market conditions.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90