12 Information Technology Stocks Moving In Friday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Friday's pre-market session, several Information Technology stocks showed significant movement. AXTI, BTOG, RBT, CTM, EXFY, and QMCO were among the gainers, with AXTI leading by a 41.2% increase following their Q4 earnings release. On the losing end, SQNS, AAOI, ASTI, INDI, BNZI, and SMSI saw declines, with SQNS dropping 42.2%. The movements were largely influenced by the release of Q4 earnings reports for several companies.
February 23, 2024 | 1:06 pm
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POSITIVE IMPACT
AXTI stock increased by 41.2% to $3.22, following their Q4 earnings release.
The significant increase in AXTI's stock price is directly attributed to the positive reception of their Q4 earnings report.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
AAOI shares decreased by 32.49% to $13.74, following their Q4 earnings report.
Applied Optoelectronics' significant drop is likely due to disappointing Q4 earnings, impacting investor sentiment.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
INDI stock fell 18.58% to $5.61 after their Q4 earnings were released.
Indie Semiconductor's stock decline is directly linked to its Q4 earnings report, indicating a negative market reaction.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
SQNS stock declined by 42.2% to $1.48 during Friday's pre-market session.
The sharp decline in SQNS's stock price can be attributed to negative market reactions, possibly related to their financial performance or outlook.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90