Business
Technology Stocks Experience Volatile Trading Day
Technology stocks had a rollercoaster trading day with significant price movements across the board. Leading the pack was ARB IOT Group Ltd, which surged by 79.74% to reach $2.75, driven by high trading volume.
MicroCloud Hologram Inc also saw impressive gains, jumping 53.45% to $25.36. The company received a Bearish sentiment score from InvestorsObserver as it gears up for its next earnings report scheduled for March 12.
Beamr Imaging Ltd experienced a notable 48.42% increase, closing at $14.55 amid high trading activity and a Very Bearish sentiment score from InvestorsObserver.
NetSol Technologies Inc. was another top performer, climbing 26.95% to $2.92, with a Very Bullish sentiment score backing its positive momentum.
On the flip side, Datasea Inc faced a steep decline of 26.57%, settling at $1.52 on high trading volume, while maintaining a Neutral sentiment score.
Teradata Corp took a hit, dropping 23.39% to $37.30 with a Bullish sentiment score and an average analyst recommendation of Strong Buy at a price target of $60.00.
Cemtrex Inc also experienced a notable decrease, falling by 20.98% to $3.00 with a Bullish sentiment and a price target of $11.00 from analysts.
Mawson Infrastructure Group Inc closed the day at $2.16, down by 15.63%, on low trading volume despite a Bullish sentiment and a Strong Buy recommendation with a price target of $2.00.
