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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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
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