12 Information Technology Stocks Moving In Monday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Monday's pre-market session, several Information Technology stocks showed significant movement. Notably, NOVONIX, Infobird Co, Bit Origin, HeartCore Enterprises, and Backblaze were among the top gainers, with increases ranging from 13.49% to 15.9%. On the downside, Dropbox, MultiSensor AI Holdings, Unusual Machines, ARB IOT Group, D-Wave Quantum, and PDF Solutions experienced declines between 7.36% and 14.8%. These movements come in the wake of recent Q4 earnings releases for some companies.
February 19, 2024 | 1:05 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Dropbox shares fell 14.8% to $27.71, with a market cap of $9.3 billion following their Q4 earnings release.
The drop in Dropbox's stock price can be attributed to investor reactions to its Q4 earnings report, indicating potential concerns over the company's performance.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
PDF Solutions stock fell 7.36% to $32.39, with a market cap of $1.2 billion after their Q4 earnings release.
The decline in PDF Solutions' stock price following its Q4 earnings announcement indicates investor disappointment or concerns over the company's reported financials.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Backblaze shares increased by 13.49% to $9.25, with a market cap of $347.8 million. The company's Q4 earnings were released 2 days ago.
The rise in Backblaze's stock price post-Q4 earnings suggests that the earnings report was received positively by investors, driving up the stock value.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
NOVONIX shares surged 15.9% to $2.18, with a market cap of $265.3 million.
The significant pre-market increase in NOVONIX's stock price likely reflects positive investor sentiment, potentially due to recent company developments or broader market trends.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90