12 Information Technology Stocks Moving In Friday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Friday's after-market session, several Information Technology stocks showed notable movements. Akoustis Technologies, Ascent Solar Technologies, CISO Global, Cyngn, Rackspace Tech, and Stronghold Digital Mining were among the gainers, with increases ranging from 3.18% to 10.9%. Conversely, Canaan, Soluna Holdings, XIAO-I, ReAlpha Tech Corp, Atomera, and Bit Origin experienced declines between 2.47% and 5.0%.

May 10, 2024 | 8:31 pm
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NEGATIVE IMPACT
Canaan's stock declined by 5.0% in the after-market session, marking it as one of the notable losers.
The 5.0% decline in CAN's stock price could indicate negative market sentiment or reaction to recent news, likely leading to short-term bearish trends.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Akoustis Technologies saw a significant increase of 10.9% in its stock price, indicating strong after-market performance.
The substantial after-market gain for AKTS suggests positive investor sentiment or reaction to recent company developments, potentially leading to short-term bullish behavior.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Ascent Solar Technologies experienced a 4.83% increase in its stock price, reflecting positive after-market activity.
ASTI's after-market rise could attract more attention to its stock, potentially influencing short-term price movements positively.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
CISO Global's stock saw an upward movement of 4.12%, suggesting positive investor interest in the after-market session.
The increase in CISO's stock price could reflect favorable investor response to company developments, potentially impacting short-term price positively.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Cyngn's stock rose by 3.83%, indicating a positive after-market reaction possibly linked to its recent Q1 earnings report.
Cyngn's after-market gain, following its Q1 earnings release, suggests the market's positive reception to the financial results, likely influencing short-term bullish trends.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Rackspace Tech's shares increased by 3.55% following its Q1 earnings announcement, showing positive market reception.
The positive movement in RXT's stock price post-Q1 earnings suggests investor approval of the financial outcomes, potentially leading to short-term price growth.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85