12 Information Technology Stocks Moving In Tuesday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Tuesday's intraday session, 12 Information Technology stocks showed significant movement. Notable gainers included Veritone, Cheetah Mobile, Research Solutions, OMNIQ, Datasea, and Semtech, with increases ranging from 12.53% to 21.0%. On the downside, Syntec Optics Holdings, GDS Holdings, WiSA Technologies, Rubicon Technologies, Wetouch Technology, and Meta Materials experienced declines between 14.4% and 26.0%. GDS Holdings' drop was attributed to its Q4 earnings release.
March 26, 2024 | 5:31 pm
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NEGATIVE IMPACT
GDS Holdings experienced a 25.93% decline to $6.2, with a market cap of $1.1 billion, following its Q4 earnings release.
The sharp decline in GDS Holdings' stock price is directly linked to its Q4 earnings release, indicating the market's negative reaction to the financial results.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
Cheetah Mobile's stock rose 18.1% to $2.74, with a market value of $81.8 million.
Cheetah Mobile's notable increase could reflect investor optimism about the company's future prospects or recent positive developments.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Veritone shares surged 21.0% to $6.06, with a market cap of $225.1 million.
The significant increase in Veritone's stock price indicates strong investor confidence, potentially due to positive market sentiment or company-specific news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90