12 Information Technology Stocks Moving In Friday's Intraday Session
Portfolio Pulse from Benzinga Insights
The article highlights the intraday movements of 12 information technology stocks on Friday. Notable gainers include FOXO Technologies, Quantum, Adobe, iLearningEngines, Applied Digital, and Mercurity Fintech Holding. Significant losers include QXO, ClearOne, Ostin Technology Group, 8x8, Nvni Group, and LeddarTech Holdings.
June 14, 2024 | 4:31 pm
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POSITIVE IMPACT
Adobe's shares rose by 14.71% to $526.25 following the release of its Q2 earnings report.
The significant price increase following the Q2 earnings report suggests strong financial performance, likely leading to short-term gains.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
iLearningEngines' shares increased by 10.78% to $7.75, raising its market cap to $1.0 billion.
The notable price rise indicates positive market reaction, likely leading to short-term gains.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Applied Digital's shares rose by 10.41% to $4.83, increasing its market cap to $671.1 million.
The notable price rise indicates positive market reaction, likely leading to short-term gains.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
FOXO Technologies' stock surged by 30.7% to $0.31, increasing its market cap to $3.3 million.
The significant price increase suggests positive investor sentiment or news, likely leading to short-term gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Mercurity Fintech Holding's stock moved upwards by 8.99% to $1.66, raising its market cap to $100.9 million.
The price increase suggests positive investor sentiment, likely leading to short-term gains.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Quantum's stock increased by 15.31% to $0.61, raising its market cap to $58.4 million.
The notable price rise indicates positive market reaction, likely leading to short-term gains.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
ClearOne's shares decreased by 19.2% to $0.72, reducing its market cap to $17.1 million.
The notable price drop indicates negative market reaction, likely leading to short-term losses.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
8x8's shares fell by 13.61% to $2.0, reducing its market cap to $250.7 million.
The notable price drop indicates negative market reaction, likely leading to short-term losses.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
LeddarTech Holdings' stock decreased by 11.96% to $1.03, reducing its market cap to $30.3 million.
The price drop suggests negative investor sentiment, likely leading to short-term losses.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Nvni Group's shares fell by 12.95% to $1.21, reducing its market cap to $34.6 million.
The price drop suggests negative investor sentiment, likely leading to short-term losses.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Ostin Technology Group's stock declined by 19.17% to $0.4, reducing its market cap to $5.9 million.
The notable price drop indicates negative market reaction, likely leading to short-term losses.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
QXO's shares declined by 31.4% to $141.0, reducing its market cap to $93.6 million.
The significant price drop suggests negative investor sentiment or news, likely leading to short-term losses.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80