12 Information Technology Stocks Moving In Tuesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's pre-market session, several Information Technology stocks showed significant movement. Notably, Phunware, Viant Technology, BigBear.ai Holdings, Casa Systems, Cipher Mining, and Dave reported gains, with Phunware leading at a 20.0% increase. Conversely, GitLab, SEMrush Holdings, Presto Automation, SmartRent, Wetouch Technology, and Argo Blockchain experienced declines, with GitLab seeing the largest drop of 20.8%. The movements were largely attributed to the release of Q4 earnings reports.
March 05, 2024 | 1:09 pm
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POSITIVE IMPACT
Viant Technology stock rose 13.61% to $10.43, following the release of Q4 earnings.
The rise in stock price is directly linked to the positive reception of their Q4 earnings report, indicating strong performance.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Phunware shares surged 20.0% in pre-market trading, with a market cap of $117.2 million.
The significant pre-market gain suggests positive investor sentiment, likely due to favorable factors not detailed in the article.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
GitLab shares declined by 20.8% to $58.99 after the Q4 earnings release.
The significant drop suggests the Q4 earnings report did not meet investor expectations, leading to a negative market reaction.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90