12 Information Technology Stocks Moving In Friday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Friday's after-market session, several information technology stocks showed notable movements. Zenvia, Castellum, Sequans Communications, Quantum, SecureWorks, and Inseego were among the gainers, with increases ranging from 5% to 13.3%. Conversely, X3 Holdings, Movella Holdings, Cleanspark, CVD Equipment, GRIID Infrastructure, and FOXO Technologies experienced declines between 6.88% and 36.4%. These movements reflect significant volatility in the tech sector, with market values of these companies also highlighted.

March 29, 2024 | 8:30 pm
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NEGATIVE IMPACT
Cleanspark shares decreased by 10.24% to $19.04, with a market value of $3.7 billion.
The decline in Cleanspark's stock price suggests a negative market response, possibly due to disappointing company news or broader market downturns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
CVD Equipment shares fell 9.56% to $4.26, with a market value of $29.0 million. The company's Q4 earnings were released yesterday.
CVD Equipment's stock price drop following Q4 earnings release indicates a negative investor reaction to the financial results.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
FOXO Technologies stock fell 6.88% to $0.38, with a market value of $3.3 million.
The fall in FOXO Technologies' stock price suggests a negative market reaction, possibly due to unfavorable company developments or market conditions.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
GRIID Infrastructure stock decreased by 8.34% to $1.21, with a market cap of $79.3 million.
The decrease in GRIID Infrastructure's stock price could reflect negative market sentiment, potentially due to company-specific news or sector trends.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Movella Holdings shares declined by 10.51% to $0.05, with a market value of $2.6 million.
Movella Holdings' stock price decrease could indicate negative investor reaction, potentially due to adverse company developments or sector issues.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
X3 Holdings stock declined by 36.4% to $0.63, with a market value of $3.3 million.
The significant drop in X3 Holdings' stock price suggests negative market sentiment, possibly due to unfavorable company news or market trends.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 90
POSITIVE IMPACT
Castellum stock increased by 6.64% to $0.28, with a market value of $14.7 million.
The increase in Castellum's stock price suggests positive market reaction, potentially due to company performance or sector trends.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Inseego shares rose 5.0% to $2.94, with a market value of $34.9 million.
Inseego's stock price increase reflects positive investor sentiment, possibly due to favorable company updates or market conditions.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Quantum stock increased by 5.86% to $0.63, with a market value of $59.8 million.
Quantum's stock price increase indicates a positive market response, possibly due to recent company achievements or industry trends.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SecureWorks stock increased by 5.65% to $7.1, with a market value of $617.9 million.
The increase in SecureWorks' stock price suggests investor confidence, likely due to positive company news or sector performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Sequans Communications stock rose 6.25% to $0.41, with a market value of $25.2 million.
The rise in Sequans Communications' stock price could be attributed to positive investor sentiment or favorable news related to the company.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Zenvia shares increased by 13.3% to $2.97, with a market cap of $150.7 million.
The significant increase in Zenvia's stock price indicates positive investor sentiment, likely due to favorable company developments or market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90