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. Verb Tech, Movano, Soluna Holdings, MultiSensor AI Holdings, and Blend Labs were among the gainers, with Verb Tech leading with a 181.5% increase. On the downside, EverCommerce, Kopin, PagerDuty, Adobe, Smartsheet, and Jabil experienced declines, with EverCommerce leading the losses at 16.6%. The movements were largely influenced by recent earnings reports.
March 15, 2024 | 1:06 pm
News sentiment analysis
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NEGATIVE IMPACT
Adobe shares fell 11.75% to $503.47 in pre-market trading, with a market cap of $227.8 billion, after its Q1 earnings report.
Adobe's stock price drop after the Q1 earnings report indicates a negative investor response, potentially affecting short-term performance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
EverCommerce stock fell 16.6% in pre-market trading, with a market cap of $1.4 billion, following its Q4 earnings release.
The decline in EverCommerce's stock price post-Q4 earnings suggests a negative market reaction, likely leading to short-term bearish sentiment.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Verb Tech shares surged 181.5% in pre-market trading, with a market cap of $8.4 million.
The significant surge in Verb Tech's stock price could attract investor interest, potentially leading to short-term price volatility.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100