12 Information Technology Stocks Moving In Tuesday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's after-market session, several information technology stocks experienced significant movements. CEVA, My Size, Datasea, ReAlpha Tech Corp, Saverone 2014, and CXApp were among the gainers, with CEVA leading by a 9.0% increase. On the downside, Syntec Optics Holdings, MicroCloud Hologram, SatixFy Communications, ARB IOT Group, Genasys, and X3 Holdings saw declines, with Syntec Optics Holdings dropping the most at 14.6%. Genasys also released its Q1 earnings.
February 13, 2024 | 9:31 pm
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POSITIVE IMPACT
CEVA shares rose 9.0% to $22.0, with a market value of $518.3 million.
The significant after-market gain for CEVA suggests positive investor sentiment, likely leading to a short-term upward price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Genasys stock fell 4.51% to $1.8, with a market value of $79.2 million. The company's Q1 earnings were released.
The decline in GNSS stock following its Q1 earnings release suggests the market's negative reception to the financial results, potentially leading to further short-term declines.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95
NEGATIVE IMPACT
Syntec Optics Holdings shares declined by 14.6% to $4.84, with a market value of $177.5 million.
The sharp decline in OPTX shares indicates negative market reaction, likely leading to further short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90