12 Information Technology Stocks Moving In Thursday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Thursday's intraday session, notable movements were observed in the Information Technology sector. Ouster, Strong Global, Meta Materials, Argo Blockchain, Bit Digital, and The9 were among the gainers, with Ouster leading by a 20% increase following its Q4 earnings report. On the downside, Data Storage, Movella Holdings, WeTrade Group, Presto Automation, Braze, and Intellinetics experienced declines, with Data Storage dropping 22.3% after its Q4 earnings report.
March 28, 2024 | 4:31 pm
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NEGATIVE IMPACT
Braze's stock fell 11.16% to $44.94 after its Q4 earnings were released.
Braze's stock decline is likely due to investor dissatisfaction with its Q4 earnings, indicating potential concerns over its financial health or future prospects.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Data Storage's shares declined by 22.3% to $5.94 following its Q4 earnings report.
The sharp decline in Data Storage's stock price is likely due to negative investor reaction to its Q4 earnings report, suggesting disappointing performance or outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Ouster's shares rose 20.0% to $8.04 following its Q4 earnings report.
The significant rise in Ouster's stock price can be attributed to positive investor reaction to its Q4 earnings report, indicating strong performance or outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90