12 Information Technology Stocks Moving In Thursday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's after-market session, several information technology stocks showed notable movements. Semtech, Airspan Networks Holdings, Data Storage, Photronics, Alarum Technologies, and Rubicon Technologies experienced gains, with Semtech leading by a 10.9% increase following its Q4 earnings release. Conversely, X3 Holdings, FOXO Technologies, Wrap Technologies, CVD Equipment, Riskified, and ARB IOT Group faced declines, with X3 Holdings dropping by 33.3%. Earnings reports influenced several of these movements.
March 28, 2024 | 8:31 pm
News sentiment analysis
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NEGATIVE IMPACT
CVD Equipment's stock declined by 5.74% to $4.44 following its Q4 earnings, with a market value of $30.3 million.
CVD Equipment's stock price drop post-Q4 earnings indicates that the earnings report may have not met market expectations, leading to negative investor sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Wrap Technologies' shares fell by 6.56% to $2.12 after its Q4 earnings report, with a market cap of $93.7 million.
The decline in Wrap Technologies' stock price post-Q4 earnings suggests the market may have had negative reactions to the earnings report or found the results below expectations.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
X3 Holdings experienced a significant drop of 33.3% to $0.66, with a market cap of $3.5 million.
The sharp decline in X3 Holdings' stock price could be attributed to negative market reactions, possibly due to disappointing news or earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Semtech's stock rose by 10.9% to $30.5 after announcing Q4 earnings, with a market cap of $1.9 billion.
The positive reaction in Semtech's stock price is likely due to favorable Q4 earnings, indicating strong financial performance and potentially positive future outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90