12 Information Technology Stocks Moving In Monday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Monday's intraday session, several Information Technology stocks experienced significant movements. Notable gainers included Bit Origin, MMTEC, Focus Universal, AudioEye, Meta Materials, and Inseego, with increases ranging from 14.39% to 30.7%. On the downside, iLearningEngines, Mobix Labs, Bridgeline Digital, Gryphon Digital Mining, Brand Engagement Network, and Daqo New Energy saw declines between 8.53% and 13.6%. AudioEye and Daqo New Energy released their Q1 earnings, influencing their stock movements.
April 29, 2024 | 4:31 pm
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POSITIVE IMPACT
AudioEye shares increased by 15.67% to $16.53, market value at $192.7 million, following Q1 earnings release.
The positive reaction to AudioEye's Q1 earnings suggests strong financial performance or outlook, likely to keep investor interest high in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
Bit Origin shares rose 30.7% to $4.34, with a market value of $27.3 million.
The significant rise in Bit Origin's stock price could attract more investor interest in the short term, potentially maintaining upward momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
MMTEC stock increased by 19.44% to $3.44, with a market value of $685.0 million.
MMTEC's stock price jump could lead to short-term speculative interest, potentially pushing the price higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Daqo New Energy's stock fell 8.53% to $21.71 after releasing Q1 earnings, with a market cap of $1.4 billion.
The decline in Daqo New Energy's stock price post-earnings suggests the market may have had negative reactions to its financial results or forecasts, indicating potential short-term downward pressure.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 95