Shares of software stocks are trading higher as tech stocks rebound after falling on Tuesday.
Portfolio Pulse from Benzinga Newsdesk
Software stocks, including ALRM, APPN, CFLT, CRM, CRWD, HUBS, INTU, NET, OKTA, SNOW, TWLO, ZS, are trading higher as part of a broader rebound in tech stocks following a decline on Tuesday.
February 14, 2024 | 8:38 pm
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POSITIVE IMPACT
Alarm.com Holdings, Inc. shares are trading higher as part of the tech sector's rebound.
As a software stock, ALRM is directly benefiting from the broader tech sector's rebound, indicating a positive short-term price direction.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Appian Corporation shares are trading higher following the tech sector's recovery.
APPN, as part of the software industry, is experiencing a positive impact from the tech sector's overall recovery, suggesting an upward trend in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Salesforce, Inc. shares are up as tech stocks recover from Tuesday's fall.
CRM's rise is part of the broader tech sector's rebound, indicating a favorable short-term outlook for the stock.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
CrowdStrike Holdings, Inc. shares are higher amid the tech sector's rebound.
As a participant in the software sector, CRWD is benefiting from the tech rebound, suggesting a positive short-term price movement.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80