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. ARBB led the gainers with a 219.5% increase, while TDC was the top loser, dropping 14.1%. Other notable movers include PRSO, OBLG, VERI, IVDA, MRDB, NA, HOLO, MYSZ, CDNS, and LSCC, with movements attributed to market dynamics and recent earnings reports for some.
February 13, 2024 | 1:05 pm
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NEGATIVE IMPACT
Cadence Design Sys stock declined by 7.37% to $284.0, with a market cap of $77.2 billion, following its Q4 earnings report.
CDNS's stock price drop after its Q4 earnings report indicates a negative market reaction, suggesting short-term downward pressure.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
Teradata's shares fell 14.1% to $41.9, with a market cap of $4.0 billion, following its Q4 earnings report.
The decline in TDC's stock price post-earnings suggests the market's negative reaction to its Q4 results, indicating potential short-term bearishness.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
ARB IOT Group's stock surged 219.5% to $4.92, with a market value of $130.0 million.
The significant surge in ARBB's stock price could attract more investor interest, potentially leading to short-term price volatility.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Peraso's shares increased by 65.33% to $2.76, with a market cap of $2.2 million.
The sharp rise in PRSO's stock price could lead to increased trading activity and potential short-term gains.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90