12 Information Technology Stocks Moving In Thursday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's pre-market session, several Information Technology stocks showed significant movement. Lightwave Logic, Olo, Nano Labs, Super Micro Computer, Veritone, and D-Wave Quantum were among the gainers, with increases ranging from 15.38% to 22.2%. On the downside, Bel Fuse, The9, DatChat, ARB IOT Group, and UTime experienced declines between 10.1% and 16.9%. Notably, Olo's rise followed its Q4 earnings release, as did the declines of Bel Fuse's two stock classes.
February 22, 2024 | 1:05 pm
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POSITIVE IMPACT
Lightwave Logic's stock surged 22.2% in pre-market trading, with a market value of $618.3 million.
The significant pre-market increase in LWLG's stock price suggests positive investor sentiment, potentially leading to short-term upward momentum.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Olo's shares increased by 19.2% to $6.89, following its Q4 earnings release, with a market value of $1.1 billion.
Olo's stock price increase is directly linked to its Q4 earnings release, indicating strong performance or outlook that has positively influenced investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
NEGATIVE IMPACT
Bel Fuse's class A stock fell 11.31% to $66.4, also following its Q4 earnings, with a market value of $848.0 million.
Similar to its class B shares, the drop in BELFA's stock price post-Q4 earnings indicates disappointing results or outlook, affecting investor sentiment negatively.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Bel Fuse's class B shares declined by 16.9% to $58.27 following its Q4 earnings report, with a market cap of $744.2 million.
The decline in BELFB's stock price post-Q4 earnings suggests the results or future outlook did not meet investor expectations, leading to negative short-term sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95