12 Information Technology Stocks Moving In Wednesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Wednesday's pre-market session, several information technology stocks showed significant movement. Presto Automation, QuickLogic, ARB IOT Group, Perfect, Quantum, and SMX were among the gainers, with increases ranging from 12.57% to 32.3%. On the downside, DoubleVerify Holdings, Jamf Holding, Bit Origin, ASE Tech Holding, ReAlpha Tech Corp, and Inpixon experienced declines between 5.43% and 13.4%. The movements were largely attributed to the release of Q4 earnings reports for several of the companies.
February 28, 2024 | 1:06 pm
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NEGATIVE IMPACT
DoubleVerify Holdings saw a 13.4% decline to $36.0 after its Q4 earnings report.
The decline in DoubleVerify Holdings' stock price is likely due to the market's reaction to its Q4 earnings report, which may have not met investor expectations.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95
NEGATIVE IMPACT
Jamf Holding's stock fell by 13.27% to $17.32 following its Q4 earnings announcement.
The decrease in Jamf Holding's stock price can be attributed to the market's response to its Q4 earnings, possibly indicating disappointing results or outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95
POSITIVE IMPACT
Presto Automation's stock rose by 32.3% to $0.75, with a market cap of $60.9 million.
The significant rise in Presto Automation's stock price could be attributed to positive investor sentiment, potentially due to recent company developments or broader market trends.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
QuickLogic's shares increased by 20.29% to $15.29 following the release of Q4 earnings.
The positive movement in QuickLogic's stock price is directly linked to the company's Q4 earnings release, indicating strong performance or better-than-expected results.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95