12 Information Technology Stocks Moving In Friday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Friday's pre-market session, several Information Technology stocks showed significant movement. AEye, Inseego, WiSA Technologies, SoundHound AI, Movano, and Ouster were among the gainers, with notable increases in their stock prices. Conversely, Microvision, Evolv Technologies, Applied Optoelectronics, JFrog, X3 Holdings, and Navitas Semiconductor experienced declines. The movements were largely attributed to the release of Q1 earnings reports.
May 10, 2024 | 12:07 pm
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POSITIVE IMPACT
Inseego's shares increased by 16.66% to $4.48, with a market cap of $53.2 million, likely due to positive reception of their Q1 earnings report.
The increase in Inseego's stock price can be attributed to the market's positive reaction to their Q1 earnings report, indicating strong performance or outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
AEye's stock rose 36.7% to $1.64, with a market value of outstanding shares at $10.6 million, indicating strong investor response to recent developments.
The significant rise in AEye's stock price suggests positive investor sentiment, potentially due to favorable Q1 earnings or other positive news not specified.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
JFrog's shares fell 13.81% to $35.01, with a market value of $3.7 billion, after their Q1 earnings, indicating a negative market response.
JFrog's stock price decline following their Q1 earnings report suggests that the earnings did not meet market expectations, leading to a negative sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Microvision's shares fell 25.9% to $1.2, with a market value of $247.2 million, following their Q1 earnings report, indicating a negative market reaction.
The sharp decline in Microvision's stock price post-Q1 earnings suggests the market reacted negatively to their earnings report, possibly due to disappointing results or outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90