12 Information Technology Stocks Moving In Tuesday's Intraday Session
Portfolio Pulse from Benzinga Insights
The article highlights the intraday movements of 12 information technology stocks on Tuesday. Notable gainers include Meta Materials (MMAT), AEye (LIDR), Iris Energy (IREN), Alarum Technologies (ALAR), Signing Day Sports (SGN), and Bit Origin (BTOG). Significant losers include Rubicon Technologies (RBT), MMTEC (MTC), Zenvia (ZENV), Cemtrex (CETX), Akoustis Technologies (AKTS), and Baijiayun Group (RTC).
May 21, 2024 | 4:30 pm
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POSITIVE IMPACT
Alarum Technologies stock rose 14.32% to $32.01, with a market cap of $205.8 million. Q1 earnings report was released today.
The stock price increase is likely due to a positive reaction to the Q1 earnings report, indicating short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Bit Origin stock rose 11.9% to $3.76, with a market cap of $23.6 million.
The stock price increase indicates positive sentiment or news, suggesting short-term gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Iris Energy stock increased by 14.46% to $7.28, with a market cap of $1.0 billion. Q3 earnings report was released 4 days ago.
The rise in stock price is likely due to a positive reaction to the Q3 earnings report, suggesting short-term upward momentum.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
AEye shares moved up 33.26% to $3.38, with a market cap of $22.4 million.
The substantial price increase indicates positive sentiment or news, likely driving short-term gains.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Meta Materials shares rose 38.7% to $3.19, with a market cap of $21.3 million.
The significant price increase suggests strong investor interest or positive news, likely leading to short-term upward momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Signing Day Sports shares moved up 13.55% to $0.33, with a market cap of $4.3 million.
The price increase suggests positive sentiment or news, likely leading to short-term upward momentum.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Akoustis Technologies stock decreased by 12.09% to $0.14, with a market cap of $13.7 million.
The price decline indicates negative sentiment or news, suggesting short-term downward momentum.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Cemtrex stock decreased by 13.39% to $0.38, with a market cap of $4.0 million.
The price decline suggests negative sentiment or news, likely leading to short-term downward momentum.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
MMTEC stock decreased by 16.2% to $0.88, with a market cap of $175.2 million.
The significant price decline suggests negative sentiment or news, likely leading to short-term downward momentum.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Rubicon Technologies stock declined by 26.4% to $0.25, with a market cap of $13.4 million. Q1 earnings report was released yesterday.
The significant price decline is likely due to a negative reaction to the Q1 earnings report, indicating short-term downward momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Baijiayun Group stock fell 11.34% to $0.9, with a market cap of $78.9 million.
The price decline suggests negative sentiment or news, likely leading to short-term downward momentum.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Zenvia stock declined by 15.33% to $3.26, with a market cap of $165.4 million.
The significant price decline indicates negative sentiment or news, suggesting short-term downward momentum.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100