12 Information Technology Stocks Moving In Friday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Friday's intraday session, 12 Information Technology stocks showed significant movement. AXTI, UMAC, SNCR, BTOG, AIRE, and EXFY were among the gainers, with AXTI leading by a 70.8% increase after their Q4 earnings report. On the losers' side, SQNS, SMSI, UPLD, AAOI, HOLO, and INSG saw declines, with SQNS dropping 62.8%, largely due to their Q4 earnings reports.
February 23, 2024 | 5:31 pm
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POSITIVE IMPACT
AXTI shares surged 70.8% to $3.9 after their Q4 earnings report, with a market cap of $169.9 million.
The significant surge in AXTI's stock price is directly attributed to the positive reception of their Q4 earnings report, indicating strong performance or outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
SQNS shares plummeted 62.8% to $0.95, with a market cap of $58.7 million, following their Q4 earnings report.
The drastic decline in SQNS's stock price is a direct consequence of their Q4 earnings report, likely indicating poor performance or outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90