12 Information Technology Stocks Moving In Thursday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Thursday's intraday session, several information technology stocks experienced significant movements. CXApp, Vertex, Inseego, GSI Technology, C3.ai, and Pure Storage were among the gainers, with notable increases in their stock prices following recent earnings reports. Conversely, LivePerson, Endava, CommScope Holding Co, Presto Automation, Snowflake, and MagnaChip Semiconductor were among the losers, with substantial decreases after their earnings announcements.
February 29, 2024 | 5:31 pm
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NEGATIVE IMPACT
LivePerson stock plummeted 40.2% to $1.44, market value at $116.0 million, after Q4 earnings announcement.
The sharp decline in LivePerson's stock price suggests a negative investor response to its Q4 earnings, possibly due to disappointing results.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95
NEGATIVE IMPACT
Snowflake stock fell 19.28% to $185.66, market value at $61.0 billion, following Q4 earnings report.
Snowflake's stock price decrease is likely due to investor dissatisfaction with its Q4 earnings report, indicating potential concerns over its financial health or growth prospects.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
CXApp stock surged 34.6% to $3.19, with a market value of $48.6 million.
The significant increase in CXApp's stock price is likely due to positive investor reaction to recent company developments or earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Vertex shares rose 33.74% to $33.97, market value at $5.2 billion, following Q4 earnings release.
Vertex's stock price increase is directly tied to the positive reception of its Q4 earnings report, indicating strong performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95