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. Minim, MMTEC, Dell Technologies, Everbridge, NetApp, and Navitas Semiconductor were among the gainers, with Minim leading by surging 67.4%. On the downside, SoundHound AI, Inuvo, WeTrade Group, Ascent Solar Technologies, Mobix Labs, and Zscaler experienced declines, with SoundHound AI dropping 18.9%. The movements were largely influenced by recent earnings reports.
March 01, 2024 | 1:09 pm
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NEGATIVE IMPACT
SoundHound AI's shares decreased by 18.9% to $6.02, with a market cap of $1.5 billion after Q4 earnings.
The decline in SoundHound AI's stock price suggests that the Q4 earnings report may have failed to meet investor expectations or highlighted challenges.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Zscaler's stock fell 6.42% to $226.45, with a market value of $33.5 billion following the Q2 earnings report.
Zscaler's stock price drop post-Q2 earnings indicates the results may not have aligned with investor expectations, prompting a negative short-term reaction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Dell Technologies' stock increased by 25.22% to $118.54, with a market cap of $83.7 billion following Q4 earnings.
Dell's stock price increase is directly tied to its Q4 earnings report, indicating strong performance or positive future outlook that has impressed investors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Minim's stock surged 67.4% to $7.2, with a market value of $20.7 million.
The significant surge in Minim's stock price is likely due to positive investor sentiment, possibly influenced by recent company developments or market conditions.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90