12 Information Technology Stocks Moving In Tuesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's pre-market session, several information technology stocks showed significant movement. GSE Systems, MultiSensor AI Holdings, Verb Tech, One Stop Systems, MariaDB, and Quantum were among the gainers, with increases ranging from 6.25% to 13.0%. On the losing side, Peraso, Red Cat Holdings, Airship AI Holdings, Super Micro Computer, MicroStrategy, and Comtech Telecom saw declines between 9.14% and 17.5%, with some attributing their drops to recent earnings reports.
March 19, 2024 | 1:05 pm
News sentiment analysis
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NEGATIVE IMPACT
Peraso's stock declined by 17.5% in pre-market trading to $1.44, following its Q4 earnings release, with a market cap of $2.0 million.
The decline in PRSO's stock price following its Q4 earnings release suggests a negative market reaction to the financial results, likely leading to short-term downward pressure.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Super Micro Computer's stock decreased by 10.07% to $899.99, with a market cap of $50.3 billion, indicating a significant pre-market movement.
The substantial pre-market drop in SMCI's stock price could reflect investor concerns or reactions to external factors, suggesting a potential short-term negative impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
GSE Systems shares rose by 13.0% in pre-market trading, with a market cap of $8.4 million.
The significant pre-market increase in GVP's stock price could indicate positive investor sentiment, potentially leading to short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90