12 Information Technology Stocks Moving In Wednesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Wednesday's pre-market session, several information technology stocks showed significant movement. VIA optronics (VIAO) led the gainers with an 84.7% increase, while ASML Holding (ASML) experienced the largest drop among the losers, declining by 11.9%. Earnings reports influenced some of these movements, notably for CXApp (CXAI) and ASML Holding.
April 17, 2024 | 12:08 pm
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NEGATIVE IMPACT
ASML Holding's stock fell 11.9% to $860.39 after their Q1 earnings report, with a market cap of $339.5 billion.
The decline in ASML's stock price following its Q1 earnings report indicates a negative market reaction to the financial results, suggesting potential short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
CXApp stock rose 22.25% to $4.78 following their Q4 earnings report, with a market cap of $72.9 million.
The positive reaction to CXAI's Q4 earnings report suggests strong investor approval of the company's financial performance, likely leading to continued short-term gains.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 85
POSITIVE IMPACT
VIA optronics shares surged 84.7% in pre-market trading, with a market cap of $10.8 million.
The substantial increase in VIAO's stock price could attract more investor interest in the short term, potentially maintaining upward price momentum.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90