12 Information Technology Stocks Moving In Tuesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's pre-market session, 12 Information Technology stocks showed notable movements. Gainers included Taoping, Mobilicom, Peraso, VIA optronics, Data Storage, and MultiSensor AI Holdings, with increases ranging from 8.24% to 14.9%. Losers were OMNIQ, UTime, Mitek Systems, SMX, Minim, and CCSC Technology, with declines between 5.02% and 8.9%. Mitek Systems and Minim reported their Q1 and Q4 earnings, respectively.
April 16, 2024 | 12:06 pm
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POSITIVE IMPACT
Taoping shares surged 14.9% in pre-market trading, with a market value of $1.9 million.
The significant pre-market increase in TAOP shares suggests a positive short-term outlook, likely driven by investor optimism or recent company developments.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Minim stock dropped 5.09% after their Q4 earnings release, with a market value of $14.3 million.
Minim's stock decline following the Q4 earnings announcement indicates a negative market response, possibly due to unsatisfactory performance or future guidance.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Mitek Systems shares fell 5.47% following their Q1 earnings report, with a market value of $656.0 million.
The decline in MITK shares post-earnings suggests the market's reaction to the Q1 report was negative, potentially due to disappointing results or outlook.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 95