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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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
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