Data I/O Stock (NASDAQ:DAIO), Trade Ideas

Data I/O

Data I/O Corp is a provider of programming, security deployment, security provisioning and associated Intellectual Property protection and management solutions used in electronics manufacturing with flash memory, microcontrollers, and flash memory-based intelligent devices as well as secure element devices, authentication devices and secure microcontrollers. It is engaged in focused on the design, manufacturing and sale of programming systems used by designers and manufacturers of electronic products. It has its geographic presence in United States, Europe and Rest of the world.

News

Penny Stocks

Small Cap

Pre-Market Outlook

Markets

Movers

Trading Ideas

AGLE

AHPA

AMZN

ATHX

BBBY

BHSE

BWMX

Cardio Diagnostics Holdings Inc. - Common stock

CDIO

COHU

CZOO

DAIO

DBGI

DRRX

DRTS

DXCM

EGHT

EQOS

FNHC

FRGT

GILD

GNLN

HSCS

HTCR

INTC

KNSL

LMAT

LOPE

MCRB

NEXA

NMRK

NRBO

NUVL

OBLG

PACB

PAQC

PFSI

PHAS

PINS

PPTA

PTCT

QNGY

RVSN

SLNA

SMTS

SOBR

SRRK

TBBK

TESS

UFCS

VERB

VIOT

VTEX

XPEV

ZLAB

Gainers


	Quanergy Systems, Inc. (NASDAQ: QNGY) jumped 153.9% to close at $3.30 on Friday.


Why Pinterest Shares Jumped Around 14%; Here Are 69 Biggest Movers From Friday

Earnings

Eurozone

Commodities

Global

Intraday Update

ALPP

U.S. stocks extended gains toward the end of trading, with the Nasdaq Composite surging more than 200 points on Friday.

Nasdaq Climbs 275 Points; S&amp;P 500 Rises Over 2%

AGFY

BTCY

BTTR

Core Scientific, Inc. - Class A Common Stock

CORZ

NUZE

STRY

Gainers


	Quanergy Systems, Inc. (NASDAQ: QNGY) surged 179% to $3.6301.


Why Edwards Lifesciences Shares Are Trading Lower By Around 17%? Here Are 47 Stocks Moving In Friday&#39;s Mid-Day Session

Data I/O Corp

Demonstrating innovative programming and security provisioning solutions at IPC APEX Expo, Data I/O highlights its advancements for electronics manufacturing
PSV family recognized as the most successful automated programming system in the industry
Data I/O Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAIO#NASDAQ">DAIO</a>), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, announced the Company has achieved a major milestone with the sale of the 500th PSV automated programming system. This milestone is a testament to Data I/O's continued innovation, investment, and leadership in programming technology for the automotive, industrial and consumer markets and signifies the PSV family as the most successful automated programming system in the industry. Demonstrations of the PSV family will be available in Data I/O's booth #3107 at the upcoming IPC APEX Expo in Anaheim, California from April 9th – 11th at the Anaheim Convention Center.
Over the past decade, the PSV family has grown to include the PSV7000, PSV5000, PSV3500, and PSV2800 automated programming systems, which have been further enhanced through the SentriX&#xAE; security provisioning platform. With system deployments on five continents, and to over one hundred unique customers, the PSV installed base has the capacity to program over 1.5 billion semiconductor devices per year. The strong global demand for the PSV family is reflected in the partnership Data I/O has with its customers and the Company's continuous innovation strategy to extend the platform to meet its customers' evolving programming requirements for new device technology, security, and connectivity. As a result, the PSV family is the industry standard for device programming and the trusted supplier to eighteen of the top twenty automotive electronics suppliers worldwide.
"Rapidly changing silicon technology, growing file sizes, increasing security requirements, and the connected smart factory create unique programming challenges for electronics manufacturers, threatening their ability to keep up with production demands. Our customers need a trusted programming platform that can grow and meet their ever-changing requirements. The PSV family helps them address these challenges," said Anthony Ambrose, President and CEO at Data I/O Corporation. "Data I/O's dedication to continuous innovation enables our customers to maximize their programming performance to meet these ever-increasing production requirements. Because of our substantial, ongoing investment and our upgrade strategy for PSV systems in the field, customers can leverage their existing Data I/O programming technology for years to come to achieve the lowest total cost of ownership."
Data I/O to demonstrate the PSV family with security provisioning solutions for the connected factory at the IPC APEX Expo 2024
Data I/O will demonstrate the latest advancements to the PSV7000 and PSV3500 automated programming systems, Lumen&#xAE;X with VerifyBoostTM, ConneX service software, and SentriX security provisioning platform in Data I/O's booth #3107 at the IPC APEX Expo at the Anaheim Convention Center from April 9th – April 11th.
Data I/O's PSV7000 is the premier automated programming solution designed for high-speed scalable production. The PSV3500 offers a cost-effective entry point for customers new to automated programming and is ideal for low volume/high mix production environments.
LumenX with VerifyBoost delivers rapid verify speeds up to 750 MBps for the programming of UFS devices while achieving a 64% improvement in programming performance. The combination of the scalability of the PSV system and LumenX with VerifyBoost maximizes production throughput for customers programming large file sizes and UFS devices.
ConneX service software enables integration between a PSV system and a factory application for two-way communication via MQTT and GraphQL APIs to optimize the electronics manufacturing process and improve quality and traceability. Data I/O will demonstrate the power of ConneX and show how customers can accelerate the integration of the PSV into a factory system by accessing the MQTT and Graph QL sample code on GitHub.
SentriX is the industry's most flexible security deployment platform for deploying robust hardware-based security for automotive and IoT applications. SentriX simplifies the security provisioning process by delivering pre-defined use cases and custom provisioning flows via SentriX Product Creator. With the addition of new key wrapping capabilities, SentriX now supports even more key management options providing more flexibility to OEMs and electronic manufacturers. The PSV7000 and PSV5000 can be upgraded to support SentriX.
Customers attending the IPC APEX Expo in Anaheim, California can visit Data I/O's booth in booth #3107 to see these live product demonstrations.

Contracts

Data I/O Announces Major Milestone With 500th PSV System Sale Ahead Of IPC APEX Expo

Guidance

Data I/O Expects Double-Digit Bookings Growth In 2024, Consistent With Long-term Double-Digit Semiconductor Growth Rate In Automotive Electronics Industry And Reflecting Benefits From Increasing Installed Base Of Systems

<h3>Gainers</h3>
<ul>
<li>AXT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXTI#NASDAQ">AXTI</a>) shares moved upwards by 17.4% to $2.7 during Thursday's after-market session. The market value of their outstanding shares is at $117.8 million. As per the press release, Q4 earnings came out today. </li>
<li>Data I/O (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAIO#NASDAQ">DAIO</a>) shares moved upwards by 5.95% to $3.56. The company's market cap stands at $32.1 million. As per the press release, Q4 earnings came out today. </li>
<li>SkyWater Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYT#NASDAQ">SKYT</a>) stock increased by 5.09% to $10.32. The company's market cap stands at $485.2 million. </li>
<li>SMART Glb Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGH#NASDAQ">SGH</a>) shares moved upwards by 4.45% to $21.45. The company's market cap stands at $1.1 billion. </li>
<li>HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) stock increased by 3.72% to $22.41. The company's market cap stands at $4.3 billion. </li>
<li>Rubicon Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBT#NYSE">RBT</a>) stock increased by 3.27% to $0.89. The company's market cap stands at $37.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Applied Optoelectronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) shares decreased by 34.6% to $13.3 during Thursday's after-market session. The company's market cap stands at $503.8 million. The company's, Q4 earnings came out today. </li>
<li>Upland Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPLD#NASDAQ">UPLD</a>) shares fell 31.08% to $3.05. The company's market cap stands at $95.7 million. As per the press release, Q4 earnings came out today. </li>
<li>My Size (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYSZ#NASDAQ">MYSZ</a>) stock fell 13.77% to $0.43. The company's market cap stands at $1.9 million. </li>
<li>Smith Micro Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMSI#NASDAQ">SMSI</a>) stock fell 11.92% to $0.72. The company's market cap stands at $51.7 million. As per the press release, Q4 earnings came out today. </li>
<li>Ostin Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) shares fell 6.7% to $0.57. The company's market cap stands at $7.9 million. </li>
<li>Universal Display (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLED#NASDAQ">OLED</a>) stock declined by 5.96% to $176.0. The company's market cap stands at $8.3 billion. The company's, Q4 earnings came out today. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAOI

AXTI

MYSZ

OLED

SKYT

SMSI

UPLD

12 Information Technology Stocks Moving In Thursday's After-Market Session

Data I/O (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAIO#NASDAQ">DAIO</a>) reported quarterly earnings of $0.02 per share. The company reported quarterly sales of $6.87 million which beat the analyst consensus estimate of $6.79 million by 1.24 percent. This is a 5.46 percent decrease over sales of $7.27 million the same period last year.

Earnings Beats

Data I/O Q4 2023 GAAP EPS $0.02, Sales $6.87M Beat $6.79M Estimate

Data I/O Sees Prelim. Q4 Net Sales $6.8M, Bookings $7.2M

<h3>Gainers</h3>
<ul>
<li>WaveDancer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAVD#NASDAQ">WAVD</a>) stock increased by 101.3% to $3.18 during Thursday's pre-market session. The market value of their outstanding shares is at $6.1 million. As per the news, the Q3 earnings report came out 3 days ago. </li>
<li>Movano (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOVE#NASDAQ">MOVE</a>) stock moved upwards by 19.69% to $0.96. The company's market cap stands at $48.6 million. The company's, Q3 earnings came out 2 days ago. </li>
<li>Kaltura (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLTR#NASDAQ">KLTR</a>) stock moved upwards by 19.44% to $2.15. The market value of their outstanding shares is at $304.0 million. </li>
<li>Sobr Safe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) stock increased by 8.21% to $0.59. The company's market cap stands at $10.9 million. </li>
<li>GSE Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GVP#NASDAQ">GVP</a>) stock moved upwards by 7.79% to $4.15. The market value of their outstanding shares is at $10.2 million. As per the news, the Q3 earnings report came out 2 days ago. </li>
<li>NICE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NICE#NASDAQ">NICE</a>) shares moved upwards by 7.2% to $192.0. The company's market cap stands at $12.1 billion. As per the press release, Q3 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Alpine 4 Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALPP#NASDAQ">ALPP</a>) shares declined by 14.5% to $0.82 during Thursday's pre-market session. The market value of their outstanding shares is at $21.9 million. </li>
<li>Cisco Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) shares declined by 10.76% to $47.55. The company's market cap stands at $192.6 billion. The company's, Q1 earnings came out yesterday. </li>
<li>Data I/O (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAIO#NASDAQ">DAIO</a>) stock decreased by 10.6% to $2.7. The company's market cap stands at $24.3 million. </li>
<li>Maxeon Solar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) stock fell 9.84% to $5.5. The market value of their outstanding shares is at $290.2 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>ReAlpha Tech Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRE#NASDAQ">AIRE</a>) shares declined by 9.1% to $11.09. The market value of their outstanding shares is at $471.5 million. </li>
<li>Peraso (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRSO#NASDAQ">PRSO</a>) stock decreased by 7.64% to $0.23. The market value of their outstanding shares is at $6.4 million. As per the news, the Q3 earnings report came out 3 days ago. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AIRE

CSCO

KLTR

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

MOVE

NICE

PRSO

WAVD

12 Information Technology Stocks Moving In Thursday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Crexendo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXDO#NASDAQ">CXDO</a>) stock moved upwards by 8.4% to $1.67 during Thursday's after-market session. The company's market cap stands at $43.3 million. </li>
<li>SolarWinds (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWI#NYSE">SWI</a>) stock moved upwards by 7.53% to $9.56. The company's market cap stands at $1.5 billion. </li>
<li>Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) stock moved upwards by 6.7% to $34.7. This security traded at a volume of 8.0 million shares come close, making up 22.0% of its average volume over the last 100 days. The market value of their outstanding shares is at $145.3 billion. The company's, Q3 earnings came out today. </li>
<li>CISO Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CISO#NASDAQ">CISO</a>) shares increased by 6.63% to $0.1. Trading volume for this security closed at 115.0K, accounting for 7.3% of its average full-day volume over the last 100 days. The company's market cap stands at $17.7 million. </li>
<li>Juniper Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>) stock moved upwards by 6.33% to $26.67. This security traded at a volume of 97.3K shares come close, making up 2.7% of its average volume over the last 100 days. The company's market cap stands at $8.5 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Wrap Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRAP#NASDAQ">WRAP</a>) stock increased by 5.67% to $1.49. The company's market cap stands at $64.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Borqs Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRQS#NASDAQ">BRQS</a>) shares decreased by 32.6% to $0.29 during Thursday's after-market session. Borqs Technologies's trading volume hit 266.5K shares by close, accounting for 238.9% of its average volume over the last 100 days. The company's market cap stands at $4.2 million. </li>
<li>Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) shares decreased by 17.87% to $79.0. Trading volume for this security closed at 1.6 million, accounting for 40.9% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $10.7 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Data I/O (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAIO#NASDAQ">DAIO</a>) shares decreased by 6.45% to $3.05. The market value of their outstanding shares is at $27.5 million. As per the press release, Q3 earnings came out today. </li>
<li>SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) stock declined by 6.37% to $78.1. Today's trading volume for this security ended up closing at 220.7K shares, which is 9.5 percent of its average volume over the last 100 days. The market value of their outstanding shares is at $4.4 billion. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) stock declined by 5.76% to $0.98. The company's market cap stands at $195.1 million. </li>
<li>Edgio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGIO#NASDAQ">EGIO</a>) stock fell 4.99% to $0.81. The company's market cap stands at $182.0 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Borqs Technologies, Inc. - Ordinary Shares

BRQS

CISO

CXDO

EGIO

ENPH

JNPR

SEDG

WRAP

Data I/O (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAIO#NASDAQ">DAIO</a>) reported quarterly losses of $(0.01) per share which missed the analyst consensus estimate of $0.02 by 150 percent. This is a 110 percent decrease over earnings of $0.10 per share from the same period last year. The company reported quarterly sales of $6.56 million which missed the analyst consensus estimate of $6.71 million by 2.22 percent. This is a 9.03 percent decrease over sales of $7.21 million the same period last year.

Data I/O Q3 EPS $(0.01) Misses $0.02 Estimate, Sales $6.56M Miss $6.71M Estimate

Data I/O (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAIO#NASDAQ">DAIO</a>) reported quarterly earnings of $0.03 per share. This is a 137.5 percent increase over losses of $(0.08) per share from the same period last year. The company reported quarterly sales of $7.40 million which beat the analyst consensus estimate of $6.78 million by 9.14 percent. This is a 55.17 percent increase over sales of $4.77 million the same period last year.

Data I/O Q2 EPS $0.03 Up From $(0.08) YoY, Sales $7.40M Beat $6.78M Estimate

Gerald Ng, Vice President Finance at Data I/O (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAIO#NASDAQ">DAIO</a>), reported a large insider buy on July 6, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000351998/000165495423008916//Archives/edgar/data/351998/000165495423008916/0001654954-23-008916-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Ng purchased 75,000 shares of Data I/O. The total transaction amounted to $326,625. 
Data I/O shares are trading up 1.52% at $4.33 at the time of this writing on Friday morning.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000351998">Check Out The Full List Of Data I/O's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Vice President Finance of Data I/O Purchased $326K In Stock

Data I/O (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAIO#NASDAQ">DAIO</a>) reported quarterly earnings of $0.01 per share which beat the analyst consensus estimate of $(0.09) by 111.11 percent. This is a 104.76 percent increase over losses of $(0.21) per share from the same period last year. The company reported quarterly sales of $7.23 million which beat the analyst consensus estimate of $6.71 million by 7.76 percent. This is a 45.64 percent increase over sales of $4.96 million the same period last year.

Data I/O Q1 EPS $0.01 Beats $(0.09) Estimate, Sales $7.23M Beat $6.71M Estimate

Data I/O (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAIO#NASDAQ">DAIO</a>) reported quarterly earnings of $0.01 per share which beat the analyst consensus estimate of $(0.09) by 111.11 percent. This is a 104.76 percent increase over losses of $(0.21) per share from the same period last year.

Data I/O Q1 EPS $0.01 Beats $(0.09) Estimate

Data I/O (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAIO#NASDAQ">DAIO</a>) reported quarterly earnings of $0.06 per share which beat the analyst consensus estimate of $(0.01) by 700 percent. This is a 400 percent increase over losses of $(0.02) per share from the same period last year. The company reported quarterly sales of $7.27 million which beat the analyst consensus estimate of $6.87 million by 5.84 percent. This is a 14.38 percent increase over sales of $6.36 million the same period last year.

Data I/O Q4 EPS $0.06 Beats $(0.01) Estimate, Sales $7.27M Beat $6.87M Estimate

<h3>Gainers</h3>
<ul>
<li>ACM Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACMR#NASDAQ">ACMR</a>) stock rose 12.4% to $6.99 during Friday&#39;s pre-market session. The market value of their outstanding shares is at $414.5 million. The company&#39;s, Q3 earnings came out today.</li>
<li>Block (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) stock rose 12.26% to $60.52. The market value of their outstanding shares is at $35.7 billion. As per the news, the Q3 earnings report came out yesterday.</li>
<li>WeTrade Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WETG#NASDAQ">WETG</a>) shares increased by 10.71% to $1.55. The market value of their outstanding shares is at $302.3 million.</li>
<li>AMTD Digital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HKD#NYSE">HKD</a>) stock increased by 10.52% to $21.0. The market value of their outstanding shares is at $3.9 billion.</li>
<li>WM Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAPS#NASDAQ">MAPS</a>) shares rose 9.93% to $1.99. The market value of their outstanding shares is at $177.1 million.</li>
<li>Meta Materials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMAT#NASDAQ">MMAT</a>) shares increased by 8.96% to $1.58. The market value of their outstanding shares is at $571.2 million.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Atlassian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) shares decreased by 25.0% to $130.6 during Friday&#39;s pre-market session. The market value of their outstanding shares is at $33.2 billion. As per the press release, Q1 earnings came out yesterday.</li>
<li>Twilio (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>) stock fell 24.55% to $49.32. The market value of their outstanding shares is at $9.0 billion. The company&#39;s, Q3 earnings came out yesterday.</li>
<li>Viavi Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAV#NASDAQ">VIAV</a>) stock declined by 16.15% to $12.0. The company&#39;s market cap stands at $2.7 billion. As per the press release, Q1 earnings came out yesterday.</li>
<li>Cloudflare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) stock declined by 11.06% to $44.8. The market value of their outstanding shares is at $14.6 billion. The company&#39;s, Q3 earnings came out yesterday.</li>
<li>Data I/O (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAIO#NASDAQ">DAIO</a>) shares fell 10.37% to $3.72. The market value of their outstanding shares is at $32.7 million.</li>
<li>BigCommerce Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIGC#NASDAQ">BIGC</a>) shares decreased by 9.44% to $12.0. The company&#39;s market cap stands at $880.5 million. The company&#39;s, Q3 earnings came out yesterday. See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

ACMR

BIGC

MAPS

MMAT

TEAM

TWLO

VIAV

WETG

12 Information Technology Stocks Moving In Friday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Quanergy Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qngy#NASDAQ">QNGY</a>) jumped 153.9% to close at $3.30 on Friday.</li>
<li>Aeglea BioTherapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agle#NASDAQ">AGLE</a>) surged 61.4% to close at $0.92 after jumping 15% on Thursday.</li>
<li>Nuvalent, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nuvl#NASDAQ">NUVL</a>) shares gained 60.6% to close at $35.34 after the company reported preliminary Phase 1 clinical data from the ARROS-1 trial that support the best-in-class potential of NVL-520 for patients with ROS1-positive NSCLC.</li>
<li>Bull Horn Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bhse#NASDAQ">BHSE</a>) jumped 44.7% to close at $11.95.</li>
<li>Fangdd Network Group Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/duo#NASDAQ">DUO</a>) gained 36.6% to close at $1.94.</li>
<li>Provident Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/paqc#NASDAQ">PAQC</a>) shares jumped 32.7% to close at $11.00. Perfect Corp. and Provident Acquisition Corp. recently announced approval of business combination by Provident&#39;s shareholders.</li>
<li>Rail Vision Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rvsn#NASDAQ">RVSN</a>) gained 27.9% to close at $0.7675.</li>
<li>Sierra Metals Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smts#NYSE">SMTS</a>) climbed 27.8% to close at $0.2128. Sierra Metals&#39; largest shareholder and Compa&ntilde;ia Minera Kolpa announced Letter of Intent for Sierra Metals transaction and financing.</li>
<li>Viomi Technology Co., Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/viot#NASDAQ">VIOT</a>) surged 25% to close at $1.00.</li>
<li>Data I/O Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/daio#NASDAQ">DAIO</a>) gained 23.4% to close at $3.80 after the company reported better-than-expected Q3 results.</li>
<li>HeartCore Enterprises, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/htcr#NASDAQ">HTCR</a>) jumped 23.2% to close at $1.86. Heartcore Enterprises recently entered into a license agreement with Transcosmos Digital Technology for its Apromore process mining tool.</li>
<li>Smart Sand, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snd#NASDAQ">SND</a>) gained 22.5% to close at $2.23.</li>
<li>8x8, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eght#NYSE">EGHT</a>) climbed 21.1% to close at $4.13 after the company announced better-than-expected Q2 EPS and sales results.</li>
<li>Oblong, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/oblg#NASDAQ">OBLG</a>) gained 21.1% to settle at $0.3390.</li>
<li>Seres Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mcrb#NASDAQ">MCRB</a>) rose 19.7% to close at $8.07.</li>
<li>Pennsylvania Real Estate Investment Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pei#NYSE">PEI</a>) surged 19.7% to close at $3.58.</li>
<li>Scholar Rock Holding Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/srrk#NASDAQ">SRRK</a>) gained 19.6% to close at $9.26.</li>
<li>DexCom, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dxcm#NASDAQ">DXCM</a>) rose 19.4% to settle at $120.87 after the company reported better-than-expected Q3 results.</li>
<li>Perpetua Resources Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ppta#NASDAQ">PPTA</a>) gained 18% to close at $2.10.</li>
<li>NGM Biopharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ngm#NASDAQ">NGM</a>) jumped 17.4% to close at $5.61.</li>
<li>PennyMac Financial Services, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pfsi#NASDAQ">PFSI</a>) gained 16.9% to close at $55.18 after the company reported better-than-expected Q3 results.</li>
<li>DURECT Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/drrx#NASDAQ">DRRX</a>) jumped 15.6% to close at $0.62.</li>
<li>Kinsale Capital Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/knsl#NYSE">KNSL</a>) climbed 15.2% to close at $313.40 after the company reported better-than-expected Q3 EPS and sales results.</li>
<li>Athersys, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/athx#NASDAQ">ATHX</a>) gained 15% to settle at $2.53.</li>
<li>Grand Canyon Education, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lope#NASDAQ">LOPE</a>) climbed 14.9% to close at $100.33 following strong Q3 results.</li>
<li>Instil Bio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/til#NASDAQ">TIL</a>) gained 14.4% to close at $5.25.</li>
<li>Cohu, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cohu#NASDAQ">COHU</a>) surged 14% to close at $33.66 after the company reported better-than-expected Q3 EPS and sales results.</li>
<li>Pinterest, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pins#NYSE">PINS</a>) climbed 13.8% to close at $24.90 after the company reported better-than-expected Q3 results.</li>
<li>Pacific Biosciences of California, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pacb#NASDAQ">PACB</a>) gained 13.7% to close at $8.72.</li>
<li>Flagstar Bancorp, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fbc#NYSE">FBC</a>) gained 13.5% to close at $38.41 after the company announced it has received approval from the Office of the Comptroller of the Currency for the merger with New York Community Bank. The co. also announced a special dividend of $2.50 per share.</li>
<li>Gilead Sciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gild#NASDAQ">GILD</a>) rose 12.9% to close at $79.27 after the company reported better-than-expected Q3 results.</li>
<li>VTEX (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtex#NASDAQ">VTEX</a>) jumped 12.9% to close at $4.20. VTEX is expected to announce Q3 financial results on November 10th, 2022.</li>
<li>The Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tbbk#NASDAQ">TBBK</a>) gained 12.7% to close at $28.37.</li>
<li>TESSCO Technologies Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tess#NASDAQ">TESS</a>) gained 10.8% to close at $4.82 after the company reported better-than-expected Q2 results.</li>
<li>Intel Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intc#NASDAQ">INTC</a>) climbed 10.7% to close at $29.07 after the company posted better-than-expected earnings for its third quarter. The company also issued weak guidance for FY22. Intel is focused on cost reductions going forward with a plan for $3 billion in savings in 2023 and cost savings of $8 billion to $10 billion annually by 2025.</li>
<li>TAL Education Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tal#NYSE">TAL</a>) gained 10.1% to close at $4.37 after the company reported better-than-expected Q2 results.</li>
<li>Cardio Diagnostics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdio#NASDAQ">CDIO</a>) rose 6.7% to close at $3.17 on Friday.</li>
</ul>
&nbsp;
<h3>
Losers</h3>
<ul>
<li>Selina Hospitality PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slna#NASDAQ">SLNA</a>) shares tumbled 62.6% to close at $15.09.</li>
<li>Greenlane Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gnln#NASDAQ">GNLN</a>) dipped 59.5% to close at $0.4937 after the company reported a $7.5 million public offering.</li>
<li>DaVita Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dva#NYSE">DVA</a>) fell 27.1% to close at $70.54 after the company reported worse-than-expected Q3 EPS and sales results and lowered FY22 adjusted EPS guidance below estimates.</li>
<li>Verb Technology Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/verb#NASDAQ">VERB</a>) dipped 25% to close at $0.2193. Verb Technology recently announced a $4 million registered direct offering.</li>
<li>Avista Public Acquisition Corp. II (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ahpa#NASDAQ">AHPA</a>) declined 23% to close at $6.61.</li>
<li>FedNat Holding Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fnhc#NASDAQ">FNHC</a>) fell 22.1% to close at $0.2845 after dropping 13% on Thursday. The company announced voluntary Nasdaq delisting.</li>
<li>Freight Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frgt#NASDAQ">FRGT</a>) fell 20.1% to close at $0.5103. Freight Technologies recently entered into new Fr8Private Fleet multi-year commitment with Kimberly Clark De Mexico, S.A.B. de C.V.</li>
<li>LeMaitre Vascular, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lmat#NASDAQ">LMAT</a>) dropped 19.1% to close at $41.94 after the company reported worse-than-expected Q3 EPS and sales results. The company also issued Q4 EPS and FY22 EPS and sales guidance below analyst estimates.</li>
<li>PhaseBio Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/phas#NASDAQ">PHAS</a>) declined 18.8% to close at $0.1070.</li>
<li>Edwards Lifesciences Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ew#NYSE">EW</a>) fell 17.9% to close at $70.87 after the company reported worse-than-expected Q3 results. The company also lowered its FY22 EPS guidance below analyst estimates.</li>
<li>United Fire Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ufcs#NASDAQ">UFCS</a>) dropped 17.7% to close at $26.12 after Piper Sandler downgraded the stock from Overweight to Neutral and lowered its price target from $37 to $31.</li>
<li>SOBR Safe, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sobr#NASDAQ">SOBR</a>) dipped 16.8% to close at $3.31.</li>
<li>Eqonex Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eqos#NASDAQ">EQOS</a>) fell 16.7% to close at $0.4880.</li>
<li>Alpha Tau Medical Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/drts#NASDAQ">DRTS</a>) declined 16.5% to close at $4.09.</li>
<li>Digital Brands Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dbgi#NASDAQ">DBGI</a>) dropped 15.6% to close at $0.0698. Digital Brands Group recently announced a 1-for-100 (1:100) reverse split of its common stock.</li>
<li>Carlisle Companies Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/csl#NYSE">CSL</a>) declined 15.4% to close at $239.41 after the company reported Q3 earnings results.</li>
<li>Newmark Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmrk#NASDAQ">NMRK</a>) fell 14.7% to settle at $7.97 after the company reported worse-than-expected Q3 EPS and sales results.</li>
<li>Cazoo Group Ltd (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/czoo#NYSE">CZOO</a>) dropped 14.5% to close at $0.31. Cazoo, on Thursday, reported Q3 sales of &pound;347 million.</li>
<li>NeuroBo Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nrbo#NASDAQ">NRBO</a>) dipped 14.3% to close at $8.36.</li>
<li>PTC Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ptct#NASDAQ">PTCT</a>) fell 13.7% to close at $38.47. PTC Therapeutics entered into a strategic financing collaboration with Blackstone.</li>
<li>GDS Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gds#NASDAQ">GDS</a>) fell 13.6% to close at $9.63.</li>
<li>Betterware de M&eacute;xico, S.A.P.I. de C.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bwmx#NASDAQ">BWMX</a>) dropped 12.2% to close at $7.30 after the company reported Q3 financial results.</li>
<li>Nexa Resources S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nexa#NYSE">NEXA</a>) declined 11.6% to close at $5.18 after the company reported Q3 EPS results down from last year.</li>
<li>World Fuel Services Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/int#NYSE">INT</a>) dipped 10.2% to close at $24.41 after the company reported worse-than-expected Q3 sales results.</li>
<li>NatWest Group plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nwg#NYSE">NWG</a>) shares fell 8.4% to close at $5.24 after the company posted downbeat Q3 profit.</li>
<li>Bed Bath &amp; Beyond Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bbby#NASDAQ">BBBY</a>) dipped 7.8% to close at $4.59 after the company announced a common stock offering of up to $150 million.</li>
<li>Heart Test Laboratories, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hscs#NASDAQ">HSCS</a>) dipped 7.6% to close at $2.43.</li>
<li>Zai Lab Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zlab#NASDAQ">ZLAB</a>) fell 7.6% to close at $23.75. Zai Lab is expected to announce Q3 financial results on November 9, 2022.</li>
<li>Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) shares fell 6.8% to close at $103.41. Amazon.com reported upbeat earnings for its third quarter, while sales missed estimates. The company also issued weak sales forecast for the fourth quarter.</li>
<li>XPeng Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpev#NYSE">XPEV</a>) fell 6.4% to close at $6.89 after dropping 10% on Thursday. Citigroup downgraded XPeng from Buy to Sell and announced a $3.18 price target. Cities in China ranging from Wuhan in central China to Xining in the north-west are doubling down on COVID-19 curbs, reported Reuters.</li>
<li>Li Auto Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/li#NASDAQ">LI</a>) fell 4.8% to close at $14.26 after declining 8% on Thursday. Barclays maintained Li Auto with an Overweight and lowered the price target from $40 to $25. Cities in China ranging from Wuhan in central China to Xining in the north-west are doubling down on COVID-19 curbs, reported Reuters.</li>
<li>Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>) fell 4.6% to close at $5.86 after the company reported worse-than-expected Q3 EPS and sales results.</li>
</ul>

U.S. stocks extended gains toward the end of trading, with the Nasdaq Composite surging more than 200 points on Friday.
The Dow traded up 2.44% to 32,814.96 while the NASDAQ rose 2.56% to 11,068.96. The S&amp;P 500 also rose, gaining, 2.24% to 3,892.40.
<a href="https://www.benzinga.com/markets/cryptocurrency/22/10/29410729/bitcoin-jumps-above-20-000-here-are-the-top-crypto-movers-for-wednesday">Also check this: Bitcoin Jumps Above 20,000; Here Are The Top Crypto Movers For Wednesday </a>

Leading and Lagging Sectors

Information technology shares climbed 4.2% on Friday. Leading the <a href='https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/'>sector</a> was strength from 8x8, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eght#NYSE">EGHT</a>) and Alpine 4 Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alpp#NASDAQ">ALPP</a>).

In trading on Friday, consumer discretionary shares fell by 1%.

Top Headline
&nbsp;
Chevron Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvx#NYSE">CVX</a>) reported upbeat earnings for its third quarter on Friday.
Chevron posted a Q3 net profit of $11.2 billion, up 84% Y/Y, with an adjusted EPS of $5.56, better than the consensus of $4.91 and $2.96 posted a year earlier. Sales in Q3 were $66.64 billion, compared to $44.71 billion in the year-ago period, surpassing the consensus of $59.17 billion.
&nbsp;
Equities Trading UP
&nbsp;
<ul>
<li>Nuvalent, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nuvl#NASDAQ">NUVL</a>) shares shot up 47% to $32.31 after the company reported preliminary Phase 1 clinical data from the ARROS-1 trial that support the best-in-class potential of NVL-520 for patients with ROS1-positive NSCLC.</li>
<li>Shares of Data I/O Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/daio#NASDAQ">DAIO</a>) got a boost, shooting 23% to $3.79 after the company reported better-than-expected Q3 results.</li>
<li>8x8, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eght#NYSE">EGHT</a>) shares were also up, gaining 16% to $3.96 after the company announced better-than-expected Q2 EPS and sales results.</li>
</ul>

&nbsp;
Equities Trading DOWN
<ul>
<li>Greenlane Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gnln#NASDAQ">GNLN</a>) shares tumbled 62% to $0.46 after the company reported a $7.5 million public offering.</li>
<li>Shares of DaVita Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dva#NYSE">DVA</a>) were down 26% to $71.39 after the company reported worse-than-expected Q3 EPS and sales results and lowered FY22 adjusted EPS guidance below estimates.</li>
<li>Edwards Lifesciences Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ew#NYSE">EW</a>) was down, falling 18% to $70.98 after the company reported worse-than-expected Q3 results. The company also lowered its FY22 EPS guidance below analyst estimates.</li>
</ul>


<a href="https://www.benzinga.com/news/22/10/29454000/why-meta-platforms-shares-dipped-around-25-here-are-77-biggest-movers-from-yesterday">Also check out: Why Meta Platforms Shares Dipped Around 25%; Here Are 77 Biggest Movers From Yesterday</a>

Commodities
In commodity news, oil traded down 1.8% to $87.45 while gold traded down 1.3% at $1,644.40.

Silver traded down 1.8% to $19.15 on Friday while copper fell 2.4% to $3.4335.

Euro zone

European shares closed mixed today. The eurozone&rsquo;s STOXX 600 gained 0.14%, London&rsquo;s FTSE 100 fell 0.37% while Spain&rsquo;s IBEX 35 Index fell 0.06%. The German DAX rose 0.24%, French CAC 40 rose 0.46% and Italy&rsquo;s FTSE MIB Index fell 0.27%.
German economy expanded by 0.3% on quarter during the three months to September, versus a 0.1% growth in the prior period. Spanish consumer price inflation declined to 7.3% year-over-year in October from 8.9% in the previous month, while the country&rsquo;s economy expanded by 0.2% on quarter during the three months to September. The French economy grew 0.2% on quarter in the third quarter.

Economics
&nbsp;
<ul>
<li>Personal spending in the US rose 0.6% month-over-month in September, while personal income increased by 0.4%. The personal consumption expenditure price index in the US increased 0.3% month-over-month in September, the same as in the earlier month.</li>
<li>Compensation costs for civilian workers climbed 1.2% on quarter in the third quarter, versus a 1.3% increase in the prior period.</li>
<li>The University of Michigan consumer sentiment was revised higher to 59.9 in October versus a preliminary level of 59.8.</li>
<li>Pending home sales in the US dipped by 10.2% from a month ago in September.</li>
<li>The total number of active U.S. oil rigs fell by 2 to 610 rigs this week, Baker Hughes Inc reported.</li>
</ul>


<a href="https://www.benzinga.com/news/earnings/22/10/29453076/market-volatility-increases-as-us-stocks-end-mixed">Check out this: Market Volatility Increases As US Stocks End Mixed</a>

COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 99,281,950 cases with around 1,094,590 deaths. India confirmed a total of at least 44,649,080 cases and 528,990 deaths, while France reported over 36,744,650 COVID-19 cases with 156,770 deaths. In total, there were at least 634,727,460 cases of COVID-19 worldwide with more than 6,589,740 deaths.

Nasdaq Climbs 275 Points; S&P 500 Rises Over 2%

<h3>Gainers</h3>
<ul>
<li>Quanergy Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QNGY#NYSE">QNGY</a>) stock rose 146.1% to $3.2 during Friday&#39;s regular session. Quanergy Systems&#39;s stock is trading at a volume of 78.6 million shares as of 13:30 EST. This is 17370.1% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $19.3 million.</li>
<li>Data I/O (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAIO#NASDAQ">DAIO</a>) shares moved upwards by 23.37% to $3.8. Data I/O&#39;s stock is trading at a volume of 2.1 million shares as of 13:30 EST. This is 13159.2% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $33.5 million. As per the news, the Q3 earnings report came out yesterday.</li>
<li>8x8 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGHT#NYSE">EGHT</a>) shares rose 18.62% to $4.04. Trading volume for 8x8&#39;s stock is 4.5 million as of 13:30 EST. This is 200.2% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $441.9 million. As per the news, the Q2 earnings report came out yesterday.</li>
<li>Alpine 4 Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALPP#NASDAQ">ALPP</a>) shares moved upwards by 17.58% to $0.79. As of 13:30 EST, Alpine 4 Holdings&#39;s stock is trading at a volume of 918.2K, which is 142.3% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $158.5 million.</li>
<li>Cohu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHU#NASDAQ">COHU</a>) stock moved upwards by 15.44% to $34.08. The current volume of 626.1K shares is 215.9% of Cohu&#39;s average full-day volume over the last 100 days (last updated at 13:30 EST). The company&#39;s market cap stands at $1.6 billion. As per the news, the Q3 earnings report came out yesterday.</li>
<li>AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) stock moved upwards by 12.96% to $120.1. Trading volume for this security as of 13:30 EST is 221.2K, which is 191.8% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $4.2 billion. As per the press release, Q3 earnings came out yesterday.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Verb Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERB#NASDAQ">VERB</a>) stock fell 22.8% to $0.23 during Friday&#39;s regular session. As of 13:30 EST, this security is trading at a volume of 11.6 million shares, making up 1107.7% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $23.1 million.</li>
<li>Semantix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STIX#NASDAQ">STIX</a>) stock decreased by 19.08% to $1.4. Trading volume for this security as of 13:30 EST is 97.7K, which is 83.5% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $112.6 million.</li>
<li>Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) shares fell 15.09% to $1.07. The current volume of 498.5K shares is 503.4% of Xunlei&#39;s average full-day volume over the last 100 days (last updated at 13:30 EST). The company&#39;s market cap stands at $72.8 million.</li>
<li>GDS Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NASDAQ">GDS</a>) shares decreased by 14.58% to $9.53. GDS Holdings&#39;s stock is trading at a volume of 2.0 million shares as of 13:30 EST. This is 199.8% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.8 billion.</li>
<li>Core Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>) shares declined by 14.17% to $0.19. Trading volume for Core Scientific&#39;s stock is 33.9 million as of 13:30 EST. This is 552.0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $66.9 million.</li>
<li>Aware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWRE#NASDAQ">AWRE</a>) shares decreased by 10.79% to $1.66. The market value of their outstanding shares is at $36.0 million. As per the news, the Q3 earnings report came out yesterday. See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

APPF

AWRE

STIX

XNET

12 Information Technology Stocks Moving In Friday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>Quanergy Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qngy#NASDAQ">QNGY</a>) surged 179% to $3.6301.</li>
<li>Nuvalent, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nuvl#NASDAQ">NUVL</a>) shares jumped 62% to $35.60 after the company reported preliminary Phase 1 clinical data from the ARROS-1 trial that support the best-in-class potential of NVL-520 for patients with ROS1-positive NSCLC.</li>
<li>Aeglea BioTherapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agle#NASDAQ">AGLE</a>) climbed 38% to $0.7860 after jumping 15% on Thursday.</li>
<li>Sierra Metals Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smts#NYSE">SMTS</a>) gained 32% to $0.2201. Sierra Metals&#39; largest shareholder and Compa&ntilde;ia Minera Kolpa announced Letter of Intent for Sierra Metals transaction and financing.</li>
<li>Rail Vision Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rvsn#NASDAQ">RVSN</a>) jumped 31.6% to $0.7899.</li>
<li>Agrify Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agfy#NASDAQ">AGFY</a>) surged 31% to $2.1657. Agrify issued an update on its at-the-market equity program.</li>
<li>Data I/O Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/daio#NASDAQ">DAIO</a>) gained 25% to $3.8485 after the company reported better-than-expected Q3 results.</li>
<li>Provident Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/paqc#NASDAQ">PAQC</a>) shares gained 22.4% to $10.15. Perfect Corp. and Provident Acquisition Corp. recently announced approval of business combination by Provident&#39;s shareholders.</li>
<li>Starry Group Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stry#NYSE">STRY</a>) gained 20% to $0.34.</li>
<li>TAL Education Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tal#NYSE">TAL</a>) climbed 16.3% to $4.6180 after the company reported better-than-expected Q2 results.</li>
<li>Bull Horn Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bhse#NASDAQ">BHSE</a>) surged 15.5% to $9.54.</li>
<li>Cardio Diagnostics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdio#NASDAQ">CDIO</a>) rose 15.3% to $3.4250.</li>
<li>8x8, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eght#NYSE">EGHT</a>) surged 15% to $3.9189 after the company announced better-than-expected Q2 EPS and sales results.</li>
<li>Biotricity, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btcy#NASDAQ">BTCY</a>) gained 14.5% to $1.42.</li>
<li>Grand Canyon Education, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lope#NASDAQ">LOPE</a>) rose 14.5% to $99.97 following strong Q3 results.</li>
<li>TESSCO Technologies Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tess#NASDAQ">TESS</a>) surged 14.5% to $4.98 after the company reported better-than-expected Q2 results.</li>
<li>Pinterest, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pins#NYSE">PINS</a>) rose 10.4% to $24.16 after the company reported better-than-expected Q3 results.</li>
<li>Gilead Sciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gild#NASDAQ">GILD</a>) rose 9.7% to $76.99 after the company reported better-than-expected Q3 results.</li>
<li>Intel Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intc#NASDAQ">INTC</a>) rose 8.5% to $28.50 after the company posted better-than-expected earnings for its third quarter. The company also issued weak guidance for FY22. Intel is focused on cost reductions going forward with a plan for $3 billion in savings in 2023 and cost savings of $8 billion to $10 billion annually by 2025.</li>
<li>Core Scientific, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/corz#NASDAQ">CORZ</a>) rose 7.6% to $0.2376. Core Scientific shares dipped 78% on Thursday after the company said, given the uncertainty regarding its financial condition, substantial doubt exists about the company&#39;s ability to continue as a going concern for a reasonable period of time.</li>
</ul>
<h3>
Losers</h3>
<ul>
<li>Greenlane Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gnln#NASDAQ">GNLN</a>) fell 63.1% to $ 0.45 after the company reported a $7.5 million public offering.</li>
<li>Selina Hospitality PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slna#NASDAQ">SLNA</a>) shares dipped 44.7% to $22.31.</li>
<li>Verb Technology Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/verb#NASDAQ">VERB</a>) fell 33% to $0.1950. Verb Technology recently announced a $4 million registered direct offering.</li>
<li>DaVita Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dva#NYSE">DVA</a>) fell 24.9% to $72.68 after the company reported worse-than-expected Q3 EPS and sales results and lowered FY22 adjusted EPS guidance below estimates.</li>
<li>Avista Public Acquisition Corp. II (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ahpa#NASDAQ">AHPA</a>) fell 18.4% to $7.00.</li>
<li>Cazoo Group Ltd (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/czoo#NYSE">CZOO</a>) dropped 17% to $0.2999. Cazoo, on Thursday, reported Q3 sales of &pound;347 million.</li>
<li>Edwards Lifesciences Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ew#NYSE">EW</a>) fell 16.8% to $71.78 after the company reported worse-than-expected Q3 results. The company also lowered its FY22 EPS guidance below analyst estimates.</li>
<li>LeMaitre Vascular, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lmat#NASDAQ">LMAT</a>) dropped 16.7% to $43.19 after the company reported worse-than-expected Q3 EPS and sales results. The company also issued Q4 EPS and FY22 EPS and sales guidance below analyst estimates.</li>
<li>United Fire Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ufcs#NASDAQ">UFCS</a>) dropped 15.8% to $26.73 after Piper Sandler downgraded the stock from Overweight to Neutral and lowered its price target from $37 to $31.</li>
<li>Carlisle Companies Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/csl#NYSE">CSL</a>) declined 15.5% to $238.91 after the company reported Q3 earnings results.</li>
<li>FedNat Holding Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fnhc#NASDAQ">FNHC</a>) fell 15.5% to $0.3081 after dropping 13% on Thursday. The company announced voluntary Nasdaq delisting.</li>
<li>Heart Test Laboratories, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hscs#NASDAQ">HSCS</a>) dipped 15.4% to $2.2257.</li>
<li>GDS Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gds#NASDAQ">GDS</a>) fell 14.7% to $9.50.</li>
<li>Nexa Resources S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nexa#NYSE">NEXA</a>) declined 14.3% to $5.02 after the company reported Q3 EPS results down from last year.</li>
<li>World Fuel Services Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/int#NYSE">INT</a>) dipped 14% to $23.39 after the company reported worse-than-expected Q3 sales results.</li>
<li>PTC Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ptct#NASDAQ">PTCT</a>) fell 12.9% to $38.84. PTC Therapeutics entered into a strategic financing collaboration with Blackstone.</li>
<li>Betterware de M&eacute;xico, S.A.P.I. de C.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bwmx#NASDAQ">BWMX</a>) dropped 12% to $7.31 after the company reported Q3 financial results.</li>
<li>Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>) fell 11.4% to $5.44 after the company reported worse-than-expected Q3 EPS and sales results.</li>
<li>Better Choice Company Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bttr#NYSE">BTTR</a>) dropped 11.2% to $0.9499.</li>
<li>XPeng Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpev#NYSE">XPEV</a>) fell 9.4% to $6.66 after dropping 10% on Thursday. Citigroup downgraded XPeng from Buy to Sell and announced a $3.18 price target. Cities in China ranging from Wuhan in central China to Xining in the north-west are doubling down on COVID-19 curbs, reported Reuters.</li>
<li>NuZee, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nuze#NASDAQ">NUZE</a>) shares fell 9.2% to $0.3451 after jumping 15% on Thursday.</li>
<li>Zai Lab Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zlab#NASDAQ">ZLAB</a>) fell 9.2% to $23.35. Zai Lab is expected to announce Q3 financial results on November 9, 2022.</li>
<li>Bed Bath &amp; Beyond Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bbby#NASDAQ">BBBY</a>) dipped 8.7% to $4.5450 after the company announced a common stock offering of up to $150 million.</li>
<li>Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) shares fell 8.6% to $101.44. Amazon.com reported upbeat earnings for its third quarter, while sales missed estimates. The company also issued weak sales forecast for the fourth quarter.</li>
<li>Freight Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frgt#NASDAQ">FRGT</a>) fell 7.7% to $0.5901. Freight Technologies recently entered into new Fr8Private Fleet multi-year commitment with Kimberly Clark De Mexico, S.A.B. de C.V.</li>
<li>NatWest Group plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nwg#NYSE">NWG</a>) shares fell 8.7% to $ 5.22 after the company posted downbeat Q3 profit.</li>
<li>Li Auto Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/li#NASDAQ">LI</a>) fell 7% to $13.94 after declining 8% on Thursday. Barclays maintained Li Auto with an Overweight and lowered the price target from $40 to $25. Cities in China ranging from Wuhan in central China to Xining in the north-west are doubling down on COVID-19 curbs, reported Reuters.</li>
</ul>

Why Edwards Lifesciences Shares Are Trading Lower By Around 17%? Here Are 47 Stocks Moving In Friday's Mid-Day Session

U.S. stocks extended gains midway through trading, with the Dow Jones surging more than 600 points on Friday.
The Dow traded up 1.92% to 32,648.16 while the NASDAQ rose 1.74% to 10,979.98. The S&amp;P 500 also rose, gaining, 1.60% to 3,868.26.
<a href="https://www.benzinga.com/markets/cryptocurrency/22/10/29410729/bitcoin-jumps-above-20-000-here-are-the-top-crypto-movers-for-wednesday">Also check this: Bitcoin Jumps Above 20,000; Here Are The Top Crypto Movers For Wednesday </a>

Leading and Lagging Sectors

Information technology shares climbed 4% on Friday. Leading the <a href='https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/'>sector</a> was strength from 8x8, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eght#NYSE">EGHT</a>) and TROOPS, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/troo#NASDAQ">TROO</a>).

In trading on Friday, consumer discretionary shares fell by 1.9%.

Top Headline
&nbsp;
Exxon Mobil Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>) reported upbeat earnings for its third quarter on Friday.
Exxon Mobil posted a Q3 profit of $4.45 per share, a robust increase over $1.58 a year ago versus the consensus of $3.65. But the company&#39;s revenue, at $112.07 billion, jumped 52% Y/Y, missing the $115.60 billion analysts were expecting.
&nbsp;
Equities Trading UP
&nbsp;
<ul>
<li>Nuvalent, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nuvl#NASDAQ">NUVL</a>) shares shot up 51% to $33.25 after the company reported preliminary Phase 1 clinical data from the ARROS-1 trial that support the best-in-class potential of NVL-520 for patients with ROS1-positive NSCLC.</li>
<li>Shares of Data I/O Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/daio#NASDAQ">DAIO</a>) got a boost, shooting 23% to $3.7903 after the company reported better-than-expected Q3 results.</li>
<li>8x8, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eght#NYSE">EGHT</a>) shares were also up, gaining 14% to $3.90 after the company announced better-than-expected Q2 EPS and sales results.</li>
</ul>

&nbsp;
Equities Trading DOWN
<ul>
<li>Greenlane Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gnln#NASDAQ">GNLN</a>) shares tumbled 63% to $0.4533 after the company reported a $7.5 million public offering.</li>
<li>Shares of DaVita Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dva#NYSE">DVA</a>) were down 25% to $72.53 after the company reported worse-than-expected Q3 EPS and sales results and lowered FY22 adjusted EPS guidance below estimates.</li>
<li>Edwards Lifesciences Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ew#NYSE">EW</a>) was down, falling 17% to $71.75 after the company reported worse-than-expected Q3 results. The company also lowered its FY22 EPS guidance below analyst estimates.</li>
</ul>


<a href="https://www.benzinga.com/news/22/10/29454000/why-meta-platforms-shares-dipped-around-25-here-are-77-biggest-movers-from-yesterday">Also check out: Why Meta Platforms Shares Dipped Around 25%; Here Are 77 Biggest Movers From Yesterday</a>

Commodities
In commodity news, oil traded down 1.2% to $88.03 while gold traded down 1.2% at $1,645.20.

Silver traded down 2.2% to $19.06 on Friday while copper fell 2.5% to $3.4305.

Euro zone

European shares were mixed today. The eurozone&rsquo;s STOXX 600 gained 0.15%, London&rsquo;s FTSE 100 fell 0.41% while Spain&rsquo;s IBEX 35 Index fell 0.23%. The German DAX rose 0.24%, French CAC 40 rose 0.51% and Italy&rsquo;s FTSE MIB Index fell 0.27%.
German economy expanded by 0.3% on quarter during the three months to September, versus a 0.1% growth in the prior period. Spanish consumer price inflation declined to 7.3% year-over-year in October from 8.9% in the previous month, while the country&rsquo;s economy expanded by 0.2% on quarter during the three months to September. The French economy grew 0.2% on quarter in the third quarter.

Economics
&nbsp;
<ul>
<li>Personal spending in the US rose 0.6% month-over-month in September, while personal income increased by 0.4%. The personal consumption expenditure price index in the US increased 0.3% month-over-month in September, the same as in the earlier month.</li>
<li>Compensation costs for civilian workers climbed 1.2% on quarter in the third quarter, versus a 1.3% increase in the prior period.</li>
<li>The University of Michigan consumer sentiment was revised higher to 59.9 in October versus a preliminary level of 59.8.</li>
<li>Pending home sales in the US dipped by 10.2% from a month ago in September.</li>
<li>The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.</li>
</ul>


<a href="https://www.benzinga.com/news/earnings/22/10/29453076/market-volatility-increases-as-us-stocks-end-mixed">Check out this: Market Volatility Increases As US Stocks End Mixed</a>

COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 99,281,950 cases with around 1,094,590 deaths. India confirmed a total of at least 44,649,080 cases and 528,990 deaths, while France reported over 36,744,650 COVID-19 cases with 156,770 deaths. In total, there were at least 634,727,460 cases of COVID-19 worldwide with more than 6,589,740 deaths.

TROO

Dow Jumps 600 Points; Crude Oil Down Over 1%

U.S. stocks traded mostly higher this morning, with the Dow Jones surging more than 300 points on Friday.
Following the market opening Friday, the Dow traded up 1.01% to 32,355.66 while the NASDAQ rose 0.06% to 10,799.69. The S&amp;P 500 also rose, gaining, 0.33% to 3,819.94.
<a href="https://www.benzinga.com/markets/cryptocurrency/22/10/29410729/bitcoin-jumps-above-20-000-here-are-the-top-crypto-movers-for-wednesday">Also check this: Bitcoin Jumps Above 20,000; Here Are The Top Crypto Movers For Wednesday </a>

Leading and Lagging Sectors

Information technology shares climbed 2% on Friday. Leading the <a href='https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/'>sector</a> was strength from 8x8, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eght#NYSE">EGHT</a>) and Cohu, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cohu#NASDAQ">COHU</a>).

In trading on Friday, consumer discretionary shares fell by 3.3%.

Top Headline
&nbsp;
Personal spending in the US rose 0.6% month-over-month in September, while personal income increased by 0.4%. The personal consumption expenditure price index in the US increased 0.3% month-over-month in September, the same as in the earlier month.
&nbsp;
Equities Trading UP
&nbsp;
<ul>
<li>Nuvalent, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nuvl#NASDAQ">NUVL</a>) shares shot up 69% to $37.12 after the company reported preliminary Phase 1 clinical data from the ARROS-1 trial that support the best-in-class potential of NVL-520 for patients with ROS1-positive NSCLC.</li>
<li>Shares of Data I/O Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/daio#NASDAQ">DAIO</a>) got a boost, shooting 23% to $3.7850 after the company reported better-than-expected Q3 results.</li>
<li>Provident Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/paqc#NASDAQ">PAQC</a>) shares were also up, gaining 25% to $10.40. Perfect Corp. and Provident Acquisition Corp. recently announced approval of business combination by Provident&#39;s shareholders.</li>
</ul>

&nbsp;
Equities Trading DOWN
<ul>
<li>Selina Hospitality PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slna#NASDAQ">SLNA</a>) shares tumbled 26% to $29.78.</li>
<li>Shares of DaVita Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dva#NYSE">DVA</a>) were down 25% to $72.62 after the company reported worse-than-expected Q3 EPS and sales results and lowered FY22 adjusted EPS guidance below estimates.</li>
<li>Edwards Lifesciences Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ew#NYSE">EW</a>) was down, falling 19% to $70.31 after the company reported worse-than-expected Q3 results. The company also lowered its FY22 EPS guidance below analyst estimates.</li>
</ul>


<a href="https://www.benzinga.com/news/22/10/29454000/why-meta-platforms-shares-dipped-around-25-here-are-77-biggest-movers-from-yesterday">Also check out: Why Meta Platforms Shares Dipped Around 25%; Here Are 77 Biggest Movers From Yesterday</a>

Commodities
In commodity news, oil traded down 1% to $88.22 while gold traded down 1.1% at $1,647.70.

Silver traded down 1.4% to $19.22 on Friday while copper fell 2.5% to $3.4320.

Euro zone

European shares were mostly lower today. The eurozone&rsquo;s STOXX 600 slipped 0.2%, London&rsquo;s FTSE 100 fell 0.5% while Spain&rsquo;s IBEX 35 Index fell 0.6%. The German DAX fell 0.1%, French CAC 40 rose 0.2% and Italy&rsquo;s FTSE MIB Index fell 0.5%.
German economy expanded by 0.3% on quarter during the three months to September, versus a 0.1% growth in the prior period. Spanish consumer price inflation declined to 7.3% year-over-year in October from 8.9% in the previous month, while the country&rsquo;s economy expanded by 0.2% on quarter during the three months to September. The French economy grew 0.2% on quarter in the third quarter.

Economics
&nbsp;
<ul>
<li>Personal spending in the US rose 0.6% month-over-month in September, while personal income increased by 0.4%. The personal consumption expenditure price index in the US increased 0.3% month-over-month in September, the same as in the earlier month.</li>
<li>Compensation costs for civilian workers climbed 1.2% on quarter in the third quarter, versus a 1.3% increase in the prior period.</li>
<li>The University of Michigan consumer sentiment was revised higher to 59.9 in October versus a preliminary level of 59.8.</li>
<li>Pending home sales in the US dipped by 10.2% from a month ago in September.</li>
<li>The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.</li>
</ul>


<a href="https://www.benzinga.com/news/earnings/22/10/29453076/market-volatility-increases-as-us-stocks-end-mixed">Check out this: Market Volatility Increases As US Stocks End Mixed</a>

COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 99,281,950 cases with around 1,094,590 deaths. India confirmed a total of at least 44,649,080 cases and 528,990 deaths, while France reported over 36,744,650 COVID-19 cases with 156,770 deaths. In total, there were at least 634,727,460 cases of COVID-19 worldwide with more than 6,589,740 deaths.

US Stocks Mostly Higher; Dow Surges 300 Points

Data I/O GAAP EPS of -$0.01 misses by $0.05, revenue of $6.6M misses by $0.21M

Data I/O Corporation (DAIO) Q3 2023 Earnings Call Transcript

Long Cast Advisers Q3 2023 Letter

Warning: DAIO is at high risk of performing badly

Data I/O announces preliminary Q4, FY net sales

Data I/O GAAP EPS of $0.02 beats by $0.03, revenue of $6.9M beats by $0.1M

Data I/O Corporation (DAIO) Q4 2023 Earnings Call Transcript

Data I/O Corporation (DAIO) stock is down -16.63% over the last 12 months. InvestorsObserverâ€&#x2122;s proprietary ranking system, gives DAIO stock a score of  12 out of a possible 100. That rank is primarily influenced by a short-term technical score of 11. DAIO's rank also includes a long-term technical score of 25.  DAIO has an

Is Data I/O Corporation (DAIO) Stock a Smart Investment Friday?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
<a href="https://investorplace.com/stock-types/penny-stocks/">Penny stock</a> investing presents a unique chance for people to turn little investments into substantial profits. Three penny companies stand out from the rest due to their robust operations and encouraging development trajectory. These businesses, which operate in various industries, including gambling and casinos, electronic manufacturing services, and application software, have a great deal of opportunity for investors looking for high yields.



The first is a major participant in the casino industry. The company exhibits a diversified top-line that reduces risks and guarantees steady profits despite difficult market circumstances. 



The second is positioned for consistent revenue growth and profitability because of its emphasis on sectors like automotive electronics and the Internet of Things and its dedication to operational efficiency. 



On the other hand, the third company&rsquo;s outstanding financial performance reversal and strategic actions meant to diversify income streams highlight the company&rsquo;s potential for quick expansion and profitability.



By delving into the trio&rsquo;s operational strengths and growth potential, one can capitalize on emerging opportunities in the stock market.



<h2>SGHC (SGHC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/casino1600-300x169.jpg" alt="a room of slot machines in a casino to represent gambling stocks"><div>Source: Shutterstock</div></div>Top-line diversity is one of SGHC&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/sghc-stock-quote/">SGHC</a>) main competitive advantages. The casino segment accounted for over 78% of net revenue in 2023. In Q4, this percentage<a href="https://s29.q4cdn.com/447816287/files/doc_financials/2023/q4/sghc_4q2023-earnings-call-transcript-final-3-8-24.pdf" target="_blank">&nbsp;rose to 85%</a>. Chief Executive Officer (CEO) Neal Menashe noted that this diversification reduces the risks related to swings in sports betting outcomes. The casino section was a solid anchor, even in a bad sports betting outcome.



Furthermore, the capacity to produce significant profits from sports betting and casino activities indicates a strong and durable business strategy. SGHC&rsquo;s diversified top-line facilitates its potential for quick expansion. Moreover, the number of clients at SGHC has grown progressively. In Q4, the average monthly user base&nbsp;<a href="https://investors.sghc.com/news/news-details/2024/Super-Group-Reports-Financial-Results-for-Fourth-Quarter-2023-and-Full-Year-2023/" target="_blank">reached 4.7 million</a>, up 38% year over year (YOY). Similarly, the average monthly client base increased by 43% YOY to 4 million for 2023.



Finally, the company&rsquo;s capacity to draw in and hold onto a sizable and devoted clientele is a key factor fueling its potential for quick expansion. Thus, strong consumer intention and new customer acquisitions propelled SGHC&rsquo;s customer growth even in the face of difficulties in some areas.



<h2>Data I/O (DAIO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/data1600b-300x169.jpg" alt="Abstract Futuristic infographic with Visual data complexity , represent Big data concept, node base programming. storage stocks"><div>Source: Shutterstock</div></div>Data I/O (NASDAQ:<a href="https://investorplace.com/stock-quotes/daio-stock-quote/">DAIO</a>) demonstrates its focus on solid market lead and operational edge. 



Despite obstacles like Q3 client purchase delays, Data I/O was able to sustain sales growth all year. For instance, net sales for Q4 2023 were $6.9 million, a&nbsp;<a href="https://www.dataio.com/Articles/data-io-reports-fourth-quarter-2023-results" target="_blank">5% sequential increase</a>. This rise in steps shows how resilient and flexible the business is in adjusting to changing market conditions. 



Additionally, Data I/O&rsquo;s concentration on important areas like automotive electronics and IoT drives the rise in its revenue, as&nbsp;<a href="https://finance.yahoo.com/news/data-o-corporation-nasdaq-daio-150854872.html" target="_blank">63% of bookings&nbsp;</a>in 2023 came from these industries. Hence, this demonstrates a high demand for the company&rsquo;s offerings in these fields.



At the bottom line, the company&rsquo;s gross margin for<a href="https://finance.yahoo.com/news/data-o-corporation-nasdaq-daio-150854872.html" target="_blank">&nbsp;Q4 was 58.0%, up</a>&nbsp;from 55.5% during Q4 2022. Likewise, the gross margin for 2023 increased to 57.7% from 54.5% in 2022. Specifically, the company could distribute fixed expenses over a bigger revenue base in 2023 because of economies of scale, which were made possible by Data I/O&rsquo;s increasing sales volume.



Overall, the company optimized its procurement procedures and negotiated advantageous supplier contracts as part of its strategy to lower material prices.



<h2>BTCS (BTCS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/blockchain-300x169.png" alt="An image of 4 cubes connected in a web; blockchain"><div>Source: Venomous Vector/Shutterstock</div></div>BTCS (NASDAQ:<a href="https://investorplace.com/stock-quotes/btcs-stock-quote/">BTCS</a>) recorded a&nbsp;<a href="https://www.globenewswire.com/news-release/2024/03/22/2850934/0/en/BTCS-Reports-2023-Results.html" target="_blank">$7.8 million net income</a>&nbsp;in 2023 instead of a $15.9 million net loss in 2022. The significant increase in net income between 2022 and 2023 shows how BTCS can improve operational effectiveness and profitability. 



This advancement is a key strength that shows the organization has room to develop quickly. Through efficient cost control, implementing new accounting guidelines, and seizing market possibilities, BTCS improved its financial performance significantly.



Furthermore, BTCS kept its gross margin in&nbsp;<a href="https://www.globenewswire.com/news-release/2024/03/22/2850934/0/en/BTCS-Reports-2023-Results.html" target="_blank">2023 at 73%,</a>&nbsp;just less than the 75% margin in 2022. This consistency shows that the business can control manufacturing costs and maintain profitability. A steady gross margin is a key component that helps BTCS maintain development by guaranteeing profitability even during sales volatility.



Finally, the company&rsquo;s<a href="https://www.btcs.com/wp-content/uploads/2024/01/BTCS-Investor-Presentation-January-2024.pdf" target="_blank">&nbsp;strategic initiatives</a> &ndash; Builder+, ChainQ, and StakeSeeker &ndash; aim to expand and diversify income sources. These programs show that BTCS approaches innovation and income generation proactively. And this is vital for maintaining quick development in a changing industry.



On <a href="https://investorplace.com/stock-types/penny-stocks/">Penny Stocks</a> and Low-Volume Stocks:&nbsp;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&nbsp;<a href="http://investorplace.com/">InvestorPlace.com</a>&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&nbsp;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/">How to Profit Without Getting Scammed</a>



On the date of publication, Yiannis Zourmpanos did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.<a href="https://investorplace.com/stock-quotes/-stock-quote/"></a>
<div>Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/2024/04/3-penny-stocks-to-turn-100-into-15k-by-2028/">3 Penny Stocks to Turn $100 into $15K by 2028</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Penny Stocks to Turn $100 into $15K by 2028

Long Cast Advisers Q1 2024 Letter

AAPL

BTCS

CCRD

CCRN

ENVX

MAMA

MTRX

PDEX

PESI

PSSR

QRHC

RELL

RSSS

SANW

SGHC

SNES

SOTK

Press Releases

Data I/O Announces Investor Conferences for December 2023

Data I/O Announces Fireside Chat Hosted by Automotive Semiconductor Equity Research Analyst Kevin Garrigan of WestPark Capital

Data I/O Announces Fireside Chat Hosted by Small Cap Investor Vishal Mishra of Bard Associates

Data I/O Announces Preliminary Fourth Quarter and Full Year 2023 Results

Data I/O to Announce Fourth Quarter 2023 Financial Results on February 22, 2024

Data I/O Reports Fourth Quarter 2023 Results

Data I/O Announces Fireside Chat Hosted by Senior Equity Research Analyst David Williams of The Benchmark Company

Data I/O Announces Fireside Chat Hosted by Equity Research Analyst Dave Marsh of Singular Research