12 Information Technology Stocks Moving In Monday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Monday's pre-market session, several information technology stocks showed significant movement. Perficient (PRFT) led the gainers with a 52.9% increase following their Q1 earnings release, while Meta Materials (MMAT) experienced the largest drop among the losers, declining by 25.4%. Other notable movers included Strong Global (SGE), Mawson Infra Gr (MIGI), and Ambarella (AMBA) with substantial gains, and WiSA Technologies (WISA), Unusual Machines (UMAC), and Upland Software (UPLD) among the losers.

May 06, 2024 | 12:06 pm
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POSITIVE IMPACT
Ambarella's stock rose 9.5% to $52.4, with a market cap of $2.1 billion.
Ambarella's stock price increase is likely due to positive market reception or favorable news related to the company's performance or outlook.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Perficient's stock surged 52.9% in pre-market trading to $73.55 following their Q1 earnings release, with a market cap of $2.5 billion.
The significant surge in Perficient's stock price is directly attributed to the positive reception of their Q1 earnings report, indicating strong performance and investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Strong Global's stock increased by 51.74% to $1.73, with a market value of $13.6 million.
Strong Global's significant stock price increase indicates positive investor sentiment or favorable market conditions for the company.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Meta Materials' stock declined by 25.4% to $2.5 in pre-market trading, with a market value of their outstanding shares at $15.7 million.
The sharp decline in Meta Materials' stock price suggests negative market sentiment or reactions to recent company developments, significantly impacting investor outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Upland Software's shares fell 4.64% to $2.47, with a market value of $68.8 million, following their Q1 earnings report released 2 days ago.
The decline in Upland Software's stock price following their Q1 earnings report suggests the market's reaction may have been negative or below investor expectations.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90