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. Soluna Holdings, RingCentral, Mawson Infra Gr, Cirrus Logic, Olo, and Veritone reported gains, largely attributed to their recent earnings reports. Conversely, DoubleVerify Holdings, Alpha Technology Group, Corsair Gaming, Ostin Technology Group, Twilio, and Auddia experienced declines, with DoubleVerify's notable 40.8% drop also following its earnings release.
May 08, 2024 | 12:06 pm
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POSITIVE IMPACT
RingCentral's stock rose 13.33% to $33.99, with a market cap of $3.1 billion following Q1 earnings.
The jump in RingCentral's stock price suggests strong investor approval of its Q1 earnings, potentially leading to short-term upward momentum.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Soluna Holdings saw a 16.5% increase to $2.83, with a market cap of $10.7 million.
The significant pre-market gain is likely due to positive investor reaction to recent earnings, indicating potential short-term bullish sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
DoubleVerify Holdings plummeted 40.8% to $18.1, with a market cap of $3.1 billion after Q1 earnings.
The drastic decline in DoubleVerify's stock price indicates a negative market reaction to its Q1 earnings, suggesting bearish sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 95
NEGATIVE IMPACT
Twilio's shares fell 6.9% to $59.0, with a market cap of $10.3 billion following its Q1 earnings release.
Twilio's decline post-earnings suggests investor disappointment or concerns, potentially leading to short-term negative price action.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85