12 Information Technology Stocks Moving In Wednesday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Wednesday's after-market session, several Information Technology stocks showed notable movements. Nortech Systems (NSYS) and Micron Technology (MU) emerged as significant gainers with 19.3% and 14.3% increases in their stock prices, respectively, following their earnings releases. On the losing end, Presto Automation (PRST) and CS Disco (LAW) saw declines of 6.7% and 6.64%. Other stocks like Banzai International (BNZI), Bridgeline Digital (BLIN), Intapp (INTA), and Indie Semiconductor (INDI) also experienced gains, while Blend Labs (BLND), Datasea (DTSS), Alpha Technology Group (ATGL), and Akoustis Technologies (AKTS) faced declines.
March 20, 2024 | 9:34 pm
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POSITIVE IMPACT
Micron Technology's stock rose 14.3% to $110.02 after announcing Q2 earnings, with a market cap of $121.4 billion.
Micron Technology's significant price increase post-Q2 earnings indicates strong investor approval of its financial performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Nortech Systems shares surged 19.3% after Q4 earnings release, with a market cap of $34.9 million.
Earnings releases often lead to significant stock price movements. NSYS's substantial gain suggests a positive investor reaction to its Q4 earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
CS Disco shares fell 6.64% to $7.6, with a market cap of $464.0 million.
The decline in LAW's stock price may reflect investor concerns or broader market trends affecting the stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Presto Automation's stock declined by 6.7% to $0.24, with a market cap of $23.0 million.
Stock declines in after-market sessions can indicate negative investor sentiment or reactions to market conditions.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80