12 Information Technology Stocks Moving In Wednesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
The article highlights the pre-market movements of 12 information technology stocks on Wednesday. Notable gainers include Akoustis Technologies (AKTS) with a 171% rise and WiSA Technologies (WISA) with a 16.26% increase. On the losing side, Sequans Communications (SQNS) fell by 11.4% and Photronics (PLAB) declined by 10.83% following their Q2 earnings report.
May 22, 2024 | 12:06 pm
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NEGATIVE IMPACT
Photronics shares declined by 10.83% to $25.2 following the release of their Q2 earnings report.
The negative movement following the Q2 earnings report suggests unfavorable results, likely leading to short-term losses.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Sequans Communications shares fell by 11.4% to $0.62 in pre-market trading.
The significant decline in share price indicates negative sentiment or news, likely leading to further short-term losses.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Viasat shares fell by 10.67% to $16.83 following the release of their Q4 earnings report.
The significant decline following the Q4 earnings report suggests unfavorable results, likely leading to short-term losses.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Akoustis Technologies shares rose 171% to $0.37 in pre-market trading, significantly increasing its market value.
The substantial increase in share price indicates strong positive sentiment or news, likely leading to further short-term gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
WiSA Technologies shares increased by 16.26% to $2.86 following the release of their Q1 earnings report.
The positive movement following the Q1 earnings report suggests favorable results, likely leading to short-term gains.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100