12 Information Technology Stocks Moving In Monday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Monday's intraday session, several information technology stocks showed significant movement. CXApp, Meta Materials, and Ondas Holdings were among the top gainers, with CXApp leading at a 156.4% increase. On the losing end, Intellinetics, Sobr Safe, and Strong Global saw notable declines, with Intellinetics dropping by 23.2%. These movements reflect the dynamic nature of the tech stock market, influenced by factors such as quarterly earnings reports.
April 01, 2024 | 4:30 pm
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NEGATIVE IMPACT
Intellinetics stock declined by 23.2% to $6.78, with a market cap of $27.6 million, following its Q4 earnings release.
The decline in Intellinetics' stock price suggests a negative market reaction to its Q4 earnings, impacting investor confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
CXApp shares surged 156.4% to $6.28, with a market cap of $95.8 million, indicating strong investor interest.
The significant surge in CXApp's stock price likely reflects investor optimism, possibly due to recent company developments or market conditions favoring tech stocks.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Meta Materials shares increased by 38.54% to $4.25, with a market cap of $27.3 million, showing strong market performance.
Meta Materials' significant stock price increase could be attributed to positive market sentiment or favorable company news, driving investor interest.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ondas Holdings' shares rose 26.77% to $1.23, with a market cap of $80.6 million, following the release of Q4 earnings.
The rise in Ondas Holdings' stock price is directly linked to its Q4 earnings release, indicating positive investor reaction to the company's financial performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85