12 Information Technology Stocks Moving In Wednesday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Wednesday's intraday session, several information technology stocks showed significant movement. DZS, Nvni Group, Veritone, Synchronoss Technologies, Kyndryl Hldgs, and Alpha & Omega were among the gainers, with stock price increases ranging from 19.47% to 33.3%, largely due to recent earnings reports. Conversely, DoubleVerify Hldgs, Rapid7, Crexendo, Upland Software, Corsair Gaming, and WiSA Technologies experienced declines from 8.72% to 39.4%, also influenced by their latest earnings outcomes.
May 08, 2024 | 4:31 pm
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NEGATIVE IMPACT
DoubleVerify Hldgs stock fell 39.4% to $18.54, with a market cap of $3.1 billion, following their Q1 earnings report.
The sharp decline in DoubleVerify's stock price is likely due to a negative market reaction to their Q1 earnings report, which could indicate underperformance or disappointing future outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
DZS stock rose 33.3% to $1.8, with a market value of $67.6 million, likely due to positive reception of their earnings report.
The significant rise in DZS's stock price can be attributed to a positive market reaction to their latest earnings report, indicating strong performance or optimistic future guidance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90