12 Information Technology Stocks Moving In Thursday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's pre-market session, several information technology stocks showed significant movement. Notably, Nortech Systems (NSYS) and Micron Technology (MU) experienced upward movements of 23.9% and 16.77%, respectively, following their earnings reports. Conversely, Movella Holdings (MVLA) saw a dramatic decrease of 57.7%. Other stocks also experienced notable changes.
March 21, 2024 | 1:05 pm
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NEGATIVE IMPACT
Movella Holdings' shares plummeted by 57.7% to $0.12 in pre-market trading, with a market cap of $6.1 million.
The dramatic decrease in MVLA's stock price suggests a negative market reaction, possibly due to unfavorable news or market conditions, indicating a bearish short-term outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
POSITIVE IMPACT
Micron Technology's stock rose 16.77% to $112.4 with a market cap of $124.0 billion following its Q2 earnings report.
Micron Technology's stock increase is a direct response to its Q2 earnings report, indicating a positive investor sentiment and a likely upward trend in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Nortech Systems surged 23.9% to $13.25 in pre-market trading after announcing Q4 earnings, with a market cap of $36.2 million.
The significant pre-market increase in NSYS stock price is directly related to the positive reception of their Q4 earnings report. This suggests a bullish short-term outlook for the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90