12 Information Technology Stocks Moving In Friday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Friday's intraday session, 12 Information Technology stocks showed significant movements. Notably, Verb Tech and Veritone experienced substantial gains, with increases of 385.1% and 31.86%, respectively. On the downside, Jabil and Adobe saw notable declines of 16.5% and 14.04%. Earnings reports released in the days leading up to Friday influenced many of these movements.
March 15, 2024 | 5:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Adobe shares fell 14.04% to $490.37, with a market value of $221.9 billion following its Q1 earnings report.
Adobe's decline after its Q1 earnings suggests investor disappointment, potentially leading to further short-term declines.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Jabil stock decreased by 16.5% to $123.08, with a market value of $15.6 billion after its Q2 earnings release.
Jabil's stock price decline post-Q2 earnings indicates a negative market reaction, likely leading to short-term downward pressure.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Verb Tech shares surged 385.1% to $0.69, with a market value of $14.6 million.
The substantial increase in VERB's stock price could attract more investors, potentially leading to a short-term positive momentum.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Veritone stock increased by 31.86% to $3.6, with a market cap of $133.6 million following its Q4 earnings report.
The positive reaction to Veritone's Q4 earnings report suggests investor confidence, likely leading to continued short-term gains.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90