12 Information Technology Stocks Moving In Thursday's Intraday Session
Portfolio Pulse from Benzinga Insights
The article reports on significant movements in the stock prices of 12 Information Technology companies during Thursday's intraday session. Notable gainers include SoundHound AI, Pegasystems, Inseego, JFrog, Infobird Co, and AppLovin, with increases attributed to recent earnings reports for some. Conversely, Focus Universal, Quantum, Fastly, MariaDB, Mawson Infra Gr, and Gryphon Digital Mining experienced notable declines, with some losses linked to recent earnings announcements.
February 15, 2024 | 5:31 pm
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Fastly shares declined by 29.47% to $16.61, with a market cap of $2.1 billion, following their Q4 earnings announcement.
The decline in Fastly's stock price is likely a reaction to their Q4 earnings, which may have disappointed investors or signaled challenges.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
Pegasystems stock increased by 33.99% to $67.95, with a market value of $5.6 billion following their Q4 earnings report.
The stock's upward movement is directly tied to the positive reception of their Q4 earnings report, indicating strong performance or outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
SoundHound AI shares surged 60.0% to $3.61, with a market cap of $923.5 million.
The significant price surge likely reflects investor optimism, potentially due to recent company developments or broader market trends.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90