12 Information Technology Stocks Moving In Thursday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
The article highlights the pre-market movements of various information technology stocks on Thursday. TSR, Sequans Communications, My Size, Brand Engagement Network, Gorilla Tech Gr, and Signing Day Sports saw significant gains, while Nortech Systems, WaveDancer, NICE, MMTEC, Oblong, and Actelis Networks experienced losses. The movements are influenced by recent Q1 earnings reports for some companies.
May 16, 2024 | 12:06 pm
News sentiment analysis
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NEGATIVE IMPACT
Actelis Networks shares declined by 4.84% to $0.52 following the release of its Q1 earnings report two days ago.
The decline in ASNS's stock price is likely due to a negative market reaction to its Q1 earnings, suggesting short-term losses.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
MMTEC shares decreased by 5.21% to $6.68, indicating negative market sentiment.
The decline in MTC's stock price suggests negative sentiment, likely leading to short-term losses.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
NICE stock decreased by 6.68% to $212.88 following the release of its Q1 earnings report.
The drop in NICE's stock price is likely due to a negative market reaction to its Q1 earnings, suggesting short-term losses.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Nortech Systems stock decreased by 17.1% to $10.0 following the release of its Q1 earnings report.
The significant drop in NSYS's stock price is likely due to disappointing Q1 earnings, suggesting short-term losses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Oblong stock declined by 5.15% to $0.14, reflecting negative market sentiment.
The decrease in OBLG's stock price indicates negative sentiment, likely leading to short-term losses.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 100
NEGATIVE IMPACT
WaveDancer stock decreased by 10.16% to $2.3 following the release of its Q1 earnings report two days ago.
The decline in WAVD's stock price is likely due to negative market reaction to its Q1 earnings, suggesting short-term losses.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Brand Engagement Network shares increased by 15.23% to $1.21, following the release of Q1 earnings two days ago.
The increase in BNAI's stock price is likely driven by positive Q1 earnings, suggesting short-term gains.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Gorilla Tech Gr stock moved upwards by 12.26% to $5.86, indicating positive market sentiment.
The rise in GRRR's stock price suggests positive investor sentiment, likely leading to short-term gains.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
My Size shares increased by 15.6% to $6.15, indicating strong investor interest.
The rise in MYSZ's stock price reflects positive sentiment, likely leading to short-term gains.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Signing Day Sports stock rose 9.46% to $0.35, reflecting positive market sentiment.
The increase in SGN's stock price indicates positive sentiment, likely leading to short-term gains.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 100
POSITIVE IMPACT
Sequans Communications shares increased by 19.97% to $0.58, reflecting a positive market reaction.
The substantial increase in SQNS's stock price suggests a favorable outlook from investors, likely leading to short-term gains.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
TSR shares rose 69.2% to $13.1 during Thursday's pre-market session, significantly increasing its market value.
The significant rise in TSR's stock price indicates strong investor interest, likely leading to continued positive momentum in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100