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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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
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