12 Information Technology Stocks Moving In Monday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Monday's pre-market session, several information technology stocks showed significant movement. Phunware, Perfect, Super Micro Computer, BigBear.ai Holdings, Bitdeer Technologies, and DatChat were among the gainers, with increases ranging from 12.22% to 21.5%. On the downside, Minim, MMTEC, Airspan Networks Holdings, Synchronoss Technologies, DZS, and Workday experienced declines between 4.43% and 14.5%. These movements reflect the dynamic nature of the tech stock market.
March 04, 2024 | 1:09 pm
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NEGATIVE IMPACT
Minim shares fell 14.5% to $4.97, with a market cap of $14.3 million.
The decline in Minim's stock price suggests negative investor sentiment or reactions to recent company or market news.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Workday shares decreased by 4.43% to $279.0, with a market cap of $73.3 billion.
Workday's stock price drop could be due to market corrections or potentially negative news impacting investor confidence.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Perfect shares increased 17.2% to $2.93 following their Q4 earnings release.
The rise in Perfect's stock price is likely a reaction to its recent Q4 earnings report, suggesting positive investor response to the company's financial performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Phunware shares rose 21.5% to $8.6, with a market cap of $67.6 million.
The significant rise in Phunware's stock price indicates strong investor interest, potentially due to positive market sentiment or recent company developments.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Super Micro Computer stock rose 15.73% to $1047.97, with a market cap of $58.6 billion.
The substantial increase in SMCI's stock price could reflect strong market confidence in the company's growth prospects or recent positive developments.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90