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 notable movements. VIA optronics, CXApp, Akoustis Technologies, XIAO-I, Inuvo, and Banzai International were among the gainers, with VIA optronics leading by a 30.8% increase. On the downside, Xperi, Gryphon Digital Mining, Peraso, Auddia, Autodesk, and Meta Materials experienced declines, with Xperi seeing the largest drop of 16.6%. CXApp's rise was attributed to its Q4 earnings release.
April 16, 2024 | 8:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Autodesk shares declined by 4.21% to $218.64, with a market cap of $46.7 billion.
The decline in ADSK's stock price may reflect short-term market reactions, possibly due to broader market trends or sector-specific news.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Xperi shares declined by 16.6% to $8.12, with a market cap of $359.4 million.
The sharp decline in XPER's stock price could indicate negative investor sentiment, potentially leading to further short-term declines.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
CXApp stock increased by 8.69% to $4.25 following its Q4 earnings release.
The positive reaction to CXAI's Q4 earnings suggests investor confidence, likely leading to a short-term bullish trend.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95
POSITIVE IMPACT
VIA optronics stock rose 30.8% to $0.34, with a market cap of $7.7 million.
The significant rise in VIAO's stock price could attract investor interest, potentially leading to short-term price volatility.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90