12 Information Technology Stocks Moving In Wednesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Wednesday's pre-market session, several information technology stocks experienced significant movements. Notable gainers included XIAO-I, Iveda Solutions, and Phunware, while Penguin Solutions and Zapata Computing Holdings were among the losers.
October 16, 2024 | 12:09 pm
News sentiment analysis
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POSITIVE IMPACT
XIAO-I's stock rose by 12.2% to $5.5, indicating positive investor sentiment.
The significant price increase suggests strong investor interest or positive news, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Iveda Solutions shares increased by 11.3% to $1.59, reflecting a positive market reaction.
The rise in share price indicates positive sentiment, which could lead to further gains in the short term.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Phunware's stock increased by 11.03% to $5.99, showing strong market interest.
The significant price increase suggests strong investor interest, likely leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Penguin Solutions shares fell 13.3% to $17.7 following Q4 earnings release.
The decline in share price following the earnings release suggests a negative market reaction, likely leading to further short-term declines.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Zapata Computing Holdings shares decreased by 11.49% to $0.11, indicating negative sentiment.
The significant drop in share price suggests negative sentiment, likely leading to further short-term declines.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70