12 Information Technology Stocks Moving In Tuesday's Intraday Session
Portfolio Pulse from Benzinga Insights
Several information technology stocks experienced significant price movements during Tuesday's intraday session. Notable gainers included BIO-key Intl, Cemtrex, CommVault Systems, Canaan, Greenidge Generation, and Cadence Design Systems. On the losing side, Daqo New Energy, Harmonic, SMX, Xerox Holdings, Phunware, and JinkoSolar Holding Co saw declines, with some companies reporting earnings that influenced their stock prices.
October 29, 2024 | 4:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Daqo New Energy's stock fell by 24.8% to $21.91, significantly impacting its market cap.
The sharp decline in Daqo New Energy's stock price suggests negative investor sentiment or adverse news, leading to a likely short-term downward trend.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Harmonic's stock declined by 24.67% to $11.16 following its Q3 earnings release.
The decline in Harmonic's stock price is directly linked to its Q3 earnings, indicating potential concerns over financial performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Xerox Holdings' stock decreased by 18.29% to $8.4 after its Q3 earnings report.
The drop in Xerox Holdings' stock price is attributed to its Q3 earnings report, suggesting investor concerns over its financial health.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
BIO-key Intl's stock surged by 92.7% to $1.33, significantly increasing its market cap to $4.0 million.
The substantial increase in BIO-key Intl's stock price suggests positive investor sentiment or news, leading to a likely short-term upward trend.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cadence Design Systems' stock increased by 12.5% to $284.37 after releasing its Q3 earnings.
The rise in Cadence Design Systems' stock price is attributed to its Q3 earnings, suggesting strong performance and investor confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
CommVault Systems' stock rose by 19.16% to $163.22 following the release of its Q2 earnings.
The positive movement in CommVault Systems' stock is directly linked to its Q2 earnings release, indicating strong financial performance.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90