12 Information Technology Stocks Moving In Monday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Monday's intraday session, several information technology stocks experienced significant movements. Notable gainers included Semilux International, Kingsoft Cloud Holdings, NextNav, GDS Holdings, Peraso, and CPI Card, with increases ranging from 18.3% to 45.5%. On the losing side, Veritone, OneSpan, Formula Systems, SMX, Spectaire Holdings, and Canaan saw declines between 9.62% and 12.5%. CPI Card and OneSpan's recent Q4 earnings reports were highlighted as relevant news.
March 11, 2024 | 5:31 pm
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POSITIVE IMPACT
Kingsoft Cloud Holdings' shares increased by 34.2% to $3.61, with a market cap of $844.3 million.
The substantial rise indicates strong market interest or favorable developments for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
CPI Card's stock increased by 17.63% to $17.67, market cap at $201.4 million, following its Q4 earnings report.
The positive stock movement post-earnings suggests the market reacted favorably to the Q4 earnings report.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 95
POSITIVE IMPACT
Semilux International's stock surged 45.5% to $2.46, with a market value of $103.5 million.
The significant price increase suggests positive investor sentiment or reaction to company-specific news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
OneSpan's shares declined by 12.37% to $9.64, market value at $364.2 million, after its Q4 earnings release.
The decline suggests the market's negative response to the Q4 earnings report.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 95