12 Information Technology Stocks Moving In Wednesday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Wednesday's intraday session, 12 Information Technology stocks showed significant movement. ACM Research, Movella Holdings, MMTEC, QuickLogic, DatChat, and CCSC Technology were among the gainers, with ACM Research leading at a 41.0% increase. On the losing end, SMX, Infobird Co, AXT, XIAO-I, Formula Systems, and Jamf Holding saw declines, with SMX dropping 26.1%. Earnings reports influenced several of these movements.
February 28, 2024 | 5:31 pm
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NEGATIVE IMPACT
Jamf Holding shares declined by 10.67% to $17.84, with a market value of $2.2 billion, following their Q4 earnings report.
The decline in JAMF's stock price post-Q4 earnings suggests the market's reaction was negative, possibly due to disappointing results or outlook.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 85
NEGATIVE IMPACT
SMX shares fell 26.1% to $0.26, with a market cap of $6.3 million, marking the largest decline among the mentioned stocks.
SMX's significant drop is notable among the listed companies, though the article does not specify the reason, market reaction suggests negative sentiment.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
ACM Research shares surged 41.0% to $30.72, with a market cap of $1.8 billion following their Q4 earnings release.
The significant rise in ACMR's stock price is directly attributed to the positive reception of their Q4 earnings report, indicating strong performance or outlook.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90