12 Information Technology Stocks Moving In Thursday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's after-market session, several Information Technology stocks showed significant movement. AXT, Data I/O, SkyWater Technology, SMART Global Holdings, HashiCorp, and Rubicon Technologies were among the gainers, with AXT leading by a 17.4% increase following their Q4 earnings release. Conversely, Applied Optoelectronics, Upland Software, My Size, Smith Micro Software, Ostin Technology Group, and Universal Display were the losers, with Applied Optoelectronics dropping 34.6% after their Q4 earnings announcement.
February 22, 2024 | 9:31 pm
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POSITIVE IMPACT
AXT shares surged 17.4% to $2.7 after announcing Q4 earnings, with a market cap of $117.8 million.
The significant surge in AXTI's stock price is directly attributed to the positive reception of their Q4 earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Data I/O shares increased by 5.95% to $3.56, with a market cap of $32.1 million, following their Q4 earnings announcement.
Data I/O's stock price rise is linked to the market's favorable view of their Q4 earnings.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Applied Optoelectronics shares plummeted 34.6% to $13.3 after their Q4 earnings were announced, with a market cap of $503.8 million.
The drastic decline in AAOI's stock price is a direct consequence of the market's negative reaction to their Q4 earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Upland Software's stock fell 31.08% to $3.05, with a market cap of $95.7 million, after their Q4 earnings were released.
The significant drop in UPLD's stock price is due to the market's adverse reaction to their Q4 earnings.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80