12 Information Technology Stocks Moving In Thursday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Thursday's intraday session, 12 Information Technology stocks showed significant movement. CSP, Infobird Co, Mercurity Fintech Holding, Super Micro Computer, One Stop Systems, and NOVONIX were the gainers with CSP leading at a 45.8% increase. On the downside, Bel Fuse, MMTEC, CISO Global, MicroCloud Hologram, and Datasea were among the losers, with Bel Fuse experiencing a 26.8% drop following its Q4 earnings report.
February 22, 2024 | 5:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Bel Fuse stock declined 26.8% to $51.34 following its Q4 earnings report, with a market cap of $655.6 million.
The decline in Bel Fuse's stock price likely reflects investor disappointment or concerns raised by the Q4 earnings report, indicating potential short-term negative impact.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
CSP stock surged 45.8% to $49.15, with a market cap of $238.7 million.
The significant increase in CSP's stock price indicates strong investor confidence, potentially due to positive company developments or market conditions favoring tech stocks.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Super Micro Computer stock increased by 27.31% to $934.7, with a market cap of $52.2 billion.
The substantial rise in SMCI's stock price could be attributed to positive market sentiment towards the company's performance or favorable tech sector trends.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85