12 Information Technology Stocks Moving In Wednesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Wednesday's pre-market session, several information technology stocks showed significant movement. MariaDB (MRDB) led the gainers with a 75.4% increase, while AEye (LIDR) experienced the largest drop among the losers, declining by 17.8%. Notably, Ncino (NCNO) saw a 17.26% rise following its Q4 earnings report, and AEye's (LIDR) Q4 earnings also influenced its stock performance.
March 27, 2024 | 1:05 pm
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NEGATIVE IMPACT
AEye stock declined by 17.8% in pre-market trading following its Q4 earnings report, with a market cap of $8.0 million.
AEye's stock price drop following its Q4 earnings report suggests a negative market reaction to the financial results, likely leading to short-term downward pressure on the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
MariaDB stock surged 75.4% in pre-market trading, with a market cap of $26.8 million.
The substantial increase in MRDB's stock price could attract more investor interest in the short term, potentially maintaining upward price momentum.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Ncino shares rose 17.26% to $35.39 in pre-market trading after releasing its Q4 earnings, with a market cap of $4.0 billion.
The positive response to Ncino's Q4 earnings report indicates strong investor confidence, likely contributing to a short-term bullish trend for the stock.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90