12 Information Technology Stocks Moving In Monday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Monday's after-market session, several Information Technology stocks showed significant movement. Gainers included Boxlight, Coherent, Ultra Clean Holdings, Zeta Global Holdings, Fabrinet, and Data Storage, with increases ranging from 6.7% to 14.2%. Losers were Palantir Technologies, Mobilicom, Microchip Technology, Teradata, Lumentum Holdings, and GCT Semiconductor Holdings, with declines between 3.04% and 9.4%. Earnings reports were a common driver of these movements.
May 06, 2024 | 8:31 pm
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NEGATIVE IMPACT
Palantir Technologies shares fell 9.4% to $22.83 after their Q1 earnings report, with a market cap of $50.8 billion.
The decline in Palantir's stock price post-Q1 earnings suggests the market's negative reaction to the company's financial results or future outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
Boxlight shares surged 14.2% to $0.73, with a market cap of $7.0 million.
The significant surge in Boxlight's stock price likely reflects investor optimism, possibly due to recent company developments or broader market trends.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Coherent stock rose 13.86% to $65.95 following their Q3 earnings release, with a market cap of $10.0 billion.
Coherent's stock price increase is directly tied to its Q3 earnings release, indicating positive investor response to the company's financial performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95