12 Information Technology Stocks Moving In Tuesday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's after-market session, several Information Technology stocks showed notable movements. Gainers included XIAO-I, Aware, Focus Universal, Hitek Global, Aurora Innovation, and CCC Intelligent Solutions, with increases ranging from 3.92% to 5.7%. Losers were led by Skyworks Solutions, Spectaire Holdings, Arqit Quantum, Lantronix, Backblaze, and Marin Software, with declines between 3.54% and 6.3%. Earnings releases were highlighted for XIAO-I, CCC Intelligent Solutions, Skyworks Solutions, and Lantronix.
April 30, 2024 | 8:31 pm
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POSITIVE IMPACT
XIAO-I's stock rose by 5.7% to $1.29 after FY earnings release, with a market cap of $92.9 million.
The positive movement in AIXI's stock price following the FY earnings release suggests investor optimism about the company's financial health and future prospects.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
CCC Intelligent Solutions' shares increased by 3.92% to $11.66 after Q1 earnings, with a market cap of $7.1 billion.
The increase in CCCS's stock price post-Q1 earnings indicates positive investor response to the company's quarterly performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Lantronix's shares dropped by 4.79% to $3.58 after Q3 earnings were announced, with a market cap of $134.1 million.
The negative stock price movement for LTRX following Q3 earnings release indicates investor disappointment or concerns over the company's quarterly performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Skyworks Solutions' stock fell by 6.3% to $99.9 following the release of Q2 earnings, with a market cap of $16.0 billion.
The decline in SWKS's stock price after Q2 earnings suggests the market's negative reaction to the company's quarterly financial results.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90