12 Information Technology Stocks Moving In Wednesday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Wednesday's after-market session, several Information Technology stocks showed significant movement. SoundHound AI, AppLovin, JFrog, Informatica, and Glimpse Group were among the gainers, with SoundHound AI leading with a 38.3% increase. On the downside, Fastly, MariaDB, Twilio, Taoping, Datasea, and My Size experienced declines, with Fastly dropping 20.1%. The movements were largely attributed to the release of Q4 and Q2 earnings reports.
February 14, 2024 | 9:30 pm
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POSITIVE IMPACT
AppLovin shares rose 13.48% to $53.19, with a market cap of $17.8 billion, following the release of their Q4 earnings report.
AppLovin's stock price increase is directly tied to the positive reception of its Q4 earnings report, indicating strong performance.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
SoundHound AI stock surged 38.3% after the market session, reaching $3.12, with a market value of $798.3 million.
The significant surge in SoundHound AI's stock price is likely due to positive investor reaction to recent company developments or earnings.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Fastly's stock decreased by 20.1% to $18.8, with a market value of $2.4 billion, after the release of their Q4 earnings.
The decline in Fastly's stock price can be attributed to negative investor sentiment following its Q4 earnings report.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Twilio shares fell 9.54% to $65.38, with a market value of $11.8 billion, after their Q4 earnings were announced.
Twilio's stock price drop is likely due to investor disappointment or concerns highlighted in the Q4 earnings report.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90