12 Information Technology Stocks Moving In Friday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Friday's after-market session, several Information Technology stocks showed notable movements. Gainers included Sobr Safe, Nano Labs, XIAO-I, Rubicon Technologies, EMCORE, and AEye, with increases ranging from 4.95% to 10.3%. On the losing end, MMTEC, Verb Tech, SMX, SEMrush Hldgs, Wetouch Technology, and Argo Blockchain saw declines between 5.46% and 12.3%. These movements reflect significant volatility and investor interest in the tech sector.
March 15, 2024 | 9:33 pm
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NEGATIVE IMPACT
Argo Blockchain shares fell 5.46% to $1.56, with a market cap of $90.0 million.
Argo Blockchain's stock price drop may reflect broader market trends or specific investor concerns about the crypto sector.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
MMTEC stock decreased by 12.3% to $1.93, with a market cap of $384.3 million.
MMTEC's significant stock price decline could reflect negative investor sentiment or reactions to recent company or market developments.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
SEMrush Hldgs stock decreased by 6.98% to $10.4, with a market value of $1.5 billion.
The decrease in SEMrush's stock price might reflect investor reactions to its recent performance or adjustments in tech sector valuations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
SMX stock decreased by 7.25% to $0.15, with a market value of $2.8 million.
SMX's stock price drop could indicate investor concerns or negative market sentiment towards the company.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Verb Tech shares declined by 10.68% to $0.4, with a market cap of $8.3 million.
The decline in Verb Tech's stock price may be due to market reactions to its recent performance or broader tech sector movements.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Wetouch Technology stock fell 6.47% to $4.2, with a market cap of $49.9 million.
Wetouch Technology's stock price decline could be due to negative market sentiment or specific challenges facing the company.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
XIAO-I stock increased by 5.49% to $2.11, with a market cap of $152.0 million.
The increase in XIAO-I's stock price may reflect investor optimism about the company's growth prospects within the tech sector.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
EMCORE stock moved upwards by 5.0% to $0.4, with a market cap of $30.8 million.
EMCORE's stock price movement could be driven by market trends favoring tech stocks or specific company news boosting investor interest.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
AEye shares moved upwards by 4.95% to $1.21, with a market cap of $7.5 million.
The rise in AEye's stock price may indicate investor optimism about the company's technology and market potential.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Nano Labs stock increased by 5.91% to $1.97, with a market cap of $128.6 million.
Nano Labs' stock price increase, especially following its Q4 earnings release, suggests positive market reception to its financial performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Rubicon Technologies shares rose 5.23% to $0.6, with a market value of $25.3 million.
Rubicon Technologies' stock price increase suggests investor confidence in its market position and future growth potential.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Sobr Safe shares rose 10.3% to $0.5, with a market value of $9.2 million.
The significant rise in Sobr Safe's stock price indicates positive investor sentiment, potentially due to recent company developments or market conditions favoring tech stocks.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90