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. Notably, Zapata Computing Holdings, Ascent Solar Technologies, and AudioEye were among the top gainers, with increases of 19.9%, 17.25%, and 16.46% respectively. On the losing end, Fabrinet, Ostin Technology Group, and Enphase Energy experienced declines of 24.5%, 16.01%, and 7.92% respectively. Earnings reports influenced several of these movements, with AudioEye, Ribbon Comms, Enphase Energy, Teledyne Technologies, and Manhattan Associates releasing their Q1 earnings.
April 24, 2024 | 12:06 pm
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POSITIVE IMPACT
AudioEye's shares surged 16.46% to $15.7 following their Q1 earnings release, with a market cap of $183.0 million.
The increase in AudioEye's stock price post-Q1 earnings suggests the market's positive reception to their financial performance, likely leading to short-term bullish behavior.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
Ascent Solar Technologies experienced a 17.25% increase to $0.12, with a market cap of $2.6 million.
Ascent Solar Technologies' notable pre-market gain suggests growing investor interest, possibly due to industry trends or company-specific news, hinting at potential short-term growth.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Zapata Computing Holdings saw a significant pre-market increase of 19.9% to $1.87, with a market cap of $55.7 million.
The substantial pre-market increase in Zapata Computing Holdings' stock price could indicate positive investor sentiment or reactions to recent company developments, potentially leading to short-term upward momentum.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Enphase Energy's stock fell 7.92% to $104.5 after their Q1 earnings, with a market cap of $14.2 billion.
The decline in Enphase Energy's stock price following their Q1 earnings release indicates a potentially negative market reaction to their financial results, suggesting short-term bearish sentiment.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Fabrinet's stock plummeted 24.5% to $127.42, with a market cap of $4.6 billion, marking a significant pre-market drop.
Fabrinet's sharp decline in the pre-market session could reflect negative investor sentiment or reactions to recent company developments, suggesting potential short-term downward pressure.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 95