12 Information Technology Stocks Moving In Tuesday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's after-market session, several Information Technology stocks showed significant movements. Marin Software (MRIN) led the gainers with a 53.3% increase, while UTime (WTO) experienced the largest drop among the losers, declining by 14.9%. Notably, SMART Global Holdings (SGH) and Aehr Test Systems (AEHR) reported their Q2 and Q3 earnings, respectively, influencing their stock movements.
April 09, 2024 | 8:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Aehr Test Systems' stock declined by 4.08% to $11.3 after releasing Q3 earnings, with a market cap of $325.9 million.
The post-earnings decline in AEHR's stock indicates a possibly negative market response, which could affect its short-term stock performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 80
NEGATIVE IMPACT
SMART Global Holdings' stock declined by 10.88% to $23.1 after reporting Q2 earnings, with a market cap of $1.1 billion.
The decline in SGH's stock following its Q2 earnings report suggests the market's reaction may have been negative, potentially impacting short-term performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 80
NEGATIVE IMPACT
UTime's stock experienced a 14.9% decrease in after-market trading, dropping to $0.26 with a market cap of $3.4 million.
The significant drop in WTO's stock price could lead to negative sentiment among investors, potentially affecting its short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Marin Software's stock soared by 53.3% in after-market trading, reaching $0.44 with a market cap of $7.9 million.
The significant surge in MRIN's stock price could attract investor attention, potentially leading to short-term positive momentum.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90