12 Information Technology Stocks Moving In Tuesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's pre-market session, several information technology stocks showed significant movement. Cyngn, Alpha Technology Group, ACM Research, Sequans Communications, Gorilla Tech Gr, and Lantronix were among the gainers, with Cyngn leading by a 58.1% increase. On the downside, Calix, Intellicheck, Xerox Holdings, Tungray Technologies, BIO-key Intl, and Cadence Design Sys experienced declines, with Calix dropping 15.8% following its Q1 earnings release.
April 23, 2024 | 12:06 pm
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NEGATIVE IMPACT
Calix stock decreased by 15.8% to $24.9, with a market value of $1.6 billion, following Q1 earnings release.
The drop in Calix's stock price post-Q1 earnings suggests the market's negative reaction to the earnings report, indicating potential short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Xerox Holdings stock fell 8.04% to $15.1, with a market value of $1.8 billion, as Q1 earnings were released.
Xerox Holdings' decline following its Q1 earnings release indicates investor disappointment or concerns, likely leading to a short-term negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Cyngn stock rose 58.1% to $0.19, with a market cap of $17.0 million.
The significant pre-market rise in Cyngn's stock price indicates strong investor interest, likely due to positive developments or expectations, which could lead to short-term upward momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90