12 Information Technology Stocks Moving In Thursday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's after-market session, several information technology stocks showed significant movement. Notably, XTI Aerospace, Soluna Holdings, Cyngn, AEye, QuickLogic, and MMTEC experienced gains, while Frequency Electronics, Adobe, PagerDuty, Smartsheet, Kopin, and EverCommerce reported losses. The fluctuations were largely attributed to the release of quarterly earnings reports for many of the companies.
March 14, 2024 | 9:33 pm
News sentiment analysis
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NEGATIVE IMPACT
Adobe stock declined by 10.75% to $509.17 following the release of its Q1 earnings report.
Adobe's significant stock price drop is directly linked to its Q1 earnings report, indicating the market's negative reaction to the financial results.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
PagerDuty shares fell 10.12% to $20.61 after the Q4 earnings report was released.
The decline in PD's stock price post-Q4 earnings suggests investor disappointment or concerns over the company's financial performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Smartsheet's stock decreased by 9.96% to $36.29, following the announcement of Q4 earnings.
Smartsheet's stock price drop is a direct response to its Q4 earnings, indicating the market's reaction to the reported financials.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
XTI Aerospace stock rose 12.2% to $2.85, with a market cap of $18.0 million.
The significant increase in XTIA's stock price, without specific news in the article, suggests positive investor sentiment or reactions to market conditions.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90