Formula Sys (1985) Stock (NASDAQ:FORTY), Trade Ideas

Formula Sys (1985)

Formula Systems (1985) Ltd is a holding company that, through its subsidiaries, provides information technology services. The company organizes itself into three primary segments based on the subsidiary. The Matrix segment, which generates the majority of revenue, provides software development and existing software expansion services. The Sapiens segment provides software development services for the insurance industry. The Magic Software segment provides vendor management systems and workforce management services, which include accounting and finance, human resources, IT technology, and marketing and sales. Michpal; ZAP Group and Others. The majority of the company's revenue comes from Israel.

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U.S. stocks were mostly higher, with the Nasdaq Composite gaining around 0.1% on Monday.

Model N, Ducommun, Perpetua Resources And Other Big Stocks Moving Higher On Monday

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U.S. stocks traded slightly higher, with the Nasdaq Composite gaining around 10 points on Monday. Here are some big stocks recording losses in today’s session.

FMC, Li-Cycle Holdings, Okta And Other Big Stocks Moving Lower On Monday

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U.S. stocks traded higher midway through trading, with the Dow Jones gaining more than 100 points on Monday.

The Dow traded up 0.42% to 33,531.77 while the NASDAQ rose 0.97% to 11,802.73. The S&amp;P 500 also rose, gaining, 0.69% to 4,073.40.

Dow Jumps Over 100 Points; BridgeBio Pharma Shares Spike Higher

Formula Systems (1985) Ltd. - American Depositary Shares

Formula Systems (1985) Ltd

FORTY PILLARS MNG CORP by FORTY PILLARS MNG CORP.

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Shares of several companies in the broader technology sector are trading lower as Treasury yields rise following hotter-than-expected March inflation data.

U.S. stocks were mostly higher, with the Nasdaq Composite gaining around 0.1% on Monday.
Shares of Model N, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/modn#NYSE">MODN</a>) rose sharply during Monday&rsquo;s session after the company announced it will be acquired by <a href="https://www.benzinga.com/quote/MODN/news">Vista Equity Partners for $1.25 billion</a>.
Model N shares jumped 10.7% to $30.00 on Monday.
Here are some other big stocks recording losses in today&rsquo;s session.
<ul>
<li>Destiny Tech100 Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dxyz#NASDAQ">DXYZ</a>) shares climbed 33.8% to $79.30 after jumping around 77% on Friday.</li>
<li>Adlai Nortye Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/anl#NASDAQ">ANL</a>) shares surged 27.9% to $10.68.</li>
<li>Apartment Income REIT Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/airc#NYSE">AIRC</a>) shares jumped 22.6% to $38.47. Blackstone Real Estate will take AIR Communities private for approximately $10 billion.</li>
<li>Ducommun Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dco#NYSE">DCO</a>) shares gained 17.5% to $57.11 after the company confirmed that its Board of Directors received an unsolicited non-binding indication of interest from Albion River LLC.</li>
<li>Mesoblast Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meso#NASDAQ">MESO</a>) surged 13.8% to $6.60.</li>
<li>Perpetua Resources Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ppta#NASDAQ">PPTA</a>) gained 13.5% to $5.40 after the company announced it received indication for up to $1.8 billion in financing from the Export-Import Bank of the United States for the Stibnite Gold Project.</li>
<li>AltC Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alcc#NASDAQ">ALCC</a>) surged 13.1% to $14.82. Oklo signed a LOI to supply 50 megawatts of power to Diamondback Energy.</li>
<li>MicroStrategy Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstr#NASDAQ">MSTR</a>) rose 10.9% to $1,595.72 amid a rise in Bitcoin.</li>
<li>A-Mark Precious Metals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amrk#NASDAQ">AMRK</a>) climbed 10.3% to $36.10.</li>
<li>Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) gained 8.1% to $260.41 amid a rise in the price of Bitcoin.</li>
<li>Formula Systems (1985) Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/forty#NASDAQ">FORTY</a>) rose 7.8% to $83.00.</li>
<li>Semtech Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smtc#NASDAQ">SMTC</a>) shares gained 7.8% to $35.08.</li>
<li>MP Materials Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mp#NYSE">MP</a>) surged 7.7% to $15.74.</li>
<li>EHang Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eh#NASDAQ">EH</a>) gained 7.6% to $20.81 after the company attained the Production Certificate (PC) for its EH216-S passenger-carrying pilotless electric vertical takeoff and landing (eVTOL) aircraft from the Civil Aviation Administration of China (CAAC).</li>
<li>Sasol Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ssl#NYSE">SSL</a>) gained 6.8% to $8.72.</li>
<li>Nukkleus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nukk#NASDAQ">NUKK</a>) climbed 6.7% to $0.96.</li>
<li>Fastly, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fsly#NASDAQ">FSLY</a>) rose 5.9% to $13.27. Piper Sandler analyst James Fish upgraded Fastly from Neutral to Overweight and lowered the price target from $19 to $16.</li>
<li>Li Auto Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/li#NASDAQ">LI</a>) gained 4.5% to $31.17.</li>
<li>Victoria&#39;s Secret &amp; Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vsco#NYSE">VSCO</a>) shares gained 4.4% to $19.29.</li>
</ul>
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<h3>Gainers</h3>
<ul>
<li>Intellicheck (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDN#NASDAQ">IDN</a>) shares increased by 31.6% to $4.03 during Monday's regular session. The market value of their outstanding shares is at $77.9 million. As per the press release, Q4 earnings came out 2 days ago. </li>
<li>Cleanspark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) shares moved upwards by 21.87% to $23.79. The company's market cap stands at $4.7 billion. </li>
<li>Research Frontiers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REFR#NASDAQ">REFR</a>) stock increased by 21.03% to $1.52. The company's market cap stands at $51.1 million. </li>
<li>MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) shares moved upwards by 20.81% to $1840.06. The company's market cap stands at $31.2 billion. </li>
<li>BTCS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTCS#NASDAQ">BTCS</a>) stock moved upwards by 18.46% to $1.54. The company's market cap stands at $24.1 million. As per the press release, Q4 earnings came out 2 days ago. </li>
<li>Astera Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) stock increased by 14.58% to $80.21. The market value of their outstanding shares is at $12.2 billion. The company's, Q2 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Aehr Test Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>) shares fell 27.0% to $10.7 during Monday's regular session. The company's market cap stands at $308.6 million. </li>
<li>Rubicon Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBT#NYSE">RBT</a>) shares declined by 19.51% to $0.41. The company's market cap stands at $17.5 million. </li>
<li>Formula Sys (1985) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORTY#NASDAQ">FORTY</a>) shares declined by 17.28% to $68.67. The company's market cap stands at $1.0 billion. As per the news, the Q4 earnings report came out 4 days ago. </li>
<li>Aurora Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JG#NASDAQ">JG</a>) shares decreased by 10.01% to $3.15. The market value of their outstanding shares is at $18.8 million. </li>
<li>SEALSQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) stock fell 9.88% to $1.46. The market value of their outstanding shares is at $32.7 million. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) stock fell 9.78% to $2.03. The company's market cap stands at $404.2 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.

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12 Information Technology Stocks Moving In Monday's Intraday Session

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Core Scientific, Inc. - Class A Common Stock

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Shares of companies within the broader tech sector are trading lower following worse-than-expected February inflation data.

<h3>Gainers</h3>
<ul>
<li>Semilux International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SELX#NASDAQ">SELX</a>) stock moved upwards by 45.5% to $2.46 during Monday's regular session. The market value of their outstanding shares is at $103.5 million. </li>
<li>Kingsoft Cloud Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) shares moved upwards by 34.2% to $3.61. The company's market cap stands at $844.3 million. </li>
<li>NextNav (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NN#NASDAQ">NN</a>) shares rose 28.02% to $4.98. The market value of their outstanding shares is at $548.5 million. </li>
<li>GDS Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NASDAQ">GDS</a>) stock moved upwards by 21.76% to $7.8. The market value of their outstanding shares is at $1.4 billion. </li>
<li>Peraso (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRSO#NASDAQ">PRSO</a>) shares rose 18.3% to $2.17. The market value of their outstanding shares is at $3.1 million. </li>
<li>CPI Card (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMTS#NASDAQ">PMTS</a>) shares rose 17.63% to $17.67. The company's market cap stands at $201.4 million. As per the news, the Q4 earnings report came out 2 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Veritone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERI#NASDAQ">VERI</a>) stock declined by 12.5% to $1.96 during Monday's regular session. The market value of their outstanding shares is at $72.7 million. </li>
<li>OneSpan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSPN#NASDAQ">OSPN</a>) shares declined by 12.37% to $9.64. The market value of their outstanding shares is at $364.2 million. The company's, Q4 earnings came out 3 days ago. </li>
<li>Formula Sys (1985) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORTY#NASDAQ">FORTY</a>) shares declined by 11.75% to $68.67. The company's market cap stands at $1.0 billion. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) stock declined by 11.27% to $0.16. The market value of their outstanding shares is at $2.9 million. </li>
<li>Spectaire Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPEC#NASDAQ">SPEC</a>) shares fell 10.69% to $1.17. The market value of their outstanding shares is at $17.9 million. </li>
<li>Canaan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) shares decreased by 9.62% to $1.41. The company's market cap stands at $330.4 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.

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<h3>Gainers</h3>
<ul>
<li>ACM Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACMR#NASDAQ">ACMR</a>) shares rose 41.0% to $30.72 during Wednesday's regular session. The market value of their outstanding shares is at $1.8 billion. The company's, Q4 earnings came out today. </li>
<li>Movella Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVLA#NASDAQ">MVLA</a>) stock rose 32.66% to $0.33. The market value of their outstanding shares is at $16.7 million. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) shares rose 25.7% to $1.34. The company's market cap stands at $267.8 million. </li>
<li>QuickLogic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUIK#NASDAQ">QUIK</a>) stock rose 22.42% to $15.56. The market value of their outstanding shares is at $216.4 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>DatChat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) stock moved upwards by 18.7% to $1.84. The market value of their outstanding shares is at $4.5 million. </li>
<li>CCSC Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCTG#NASDAQ">CCTG</a>) shares moved upwards by 15.8% to $3.15. The market value of their outstanding shares is at $35.8 million. The company's, H1 earnings came out 3 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) stock fell 26.1% to $0.26 during Wednesday's regular session. The market value of their outstanding shares is at $6.3 million. </li>
<li>Infobird Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IFBD#NASDAQ">IFBD</a>) stock declined by 19.21% to $1.03. The market value of their outstanding shares is at $11.0 million. </li>
<li>AXT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXTI#NASDAQ">AXTI</a>) shares declined by 12.39% to $4.71. The company's market cap stands at $205.3 million. As per the news, the Q4 earnings report came out 4 days ago. </li>
<li>XIAO-I (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIXI#NASDAQ">AIXI</a>) shares declined by 11.12% to $2.16. The company's market cap stands at $155.6 million. </li>
<li>Formula Sys (1985) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORTY#NASDAQ">FORTY</a>) stock fell 10.81% to $68.67. The company's market cap stands at $1.0 billion. </li>
<li>Jamf Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAMF#NASDAQ">JAMF</a>) shares declined by 10.67% to $17.84. The market value of their outstanding shares is at $2.2 billion. As per the news, the Q4 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's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Wednesday's Intraday Session

Formula Sys (1985) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORTY#NASDAQ">FORTY</a>) reported quarterly earnings of $1.00 per share. This is a 8.26 percent decrease over earnings of $1.09 per share from the same period last year. The company reported $654.84 million in sales this quarter. This is a 2.91 percent increase over sales of $636.31 million the same period last year.

Formula Sys (1985) Q3 EPS $1.00 Down From $1.09 YoY, Sales $654.84M Up From $636.31M YoY

U.S. stocks traded slightly higher, with the Nasdaq Composite gaining around 10 points on Monday. Here are some big stocks recording losses in today&rsquo;s session.
Li-Cycle Holdings Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/licy#NYSE">LICY</a>) shares dipped 41% to $1.34 after the company announced plans to halt construction work on its Rochester Hub project, pending completion of a comprehensive review of the go-forward strategy for the project.
Revolution Medicines, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rvmd#NASDAQ">RVMD</a>) fell 38% to $17.31 after the company announced it presented clinical activity and safety data from its Phase 1/1b trial of RMC-6236.
Ambrx Biopharma Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amam#NASDAQ">AMAM</a>) declined 22% to $6.58. Ambrx announced ARX517, a PSMA-targeted ADC, demonstrates 52% PSA50 (&ge;50% Reduction) and a highly differentiated safety and PK profile in patients with mCRPC, who progressed on multiple FDA-approved treatments.
FMC Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fmc#NYSE">FMC</a>) fell 13.7% to $57.76 after the company updated its third-quarter and FY23 outlook.
VinFast Auto Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vfs#NASDAQ">VFS</a>) fell 11.4% to $4.76. The company recently entered into a standby equity agreement with YA LL PN for an aggregate subscription amount of up to $1 billion.
NewAmsterdam Pharma Company N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nams#NASDAQ">NAMS</a>) declined 11.4% to $6.25. NewAmsterdam Pharma named Ian Somaiya as Chief Financial Officer.
FingerMotion, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fngr#NASDAQ">FNGR</a>) fell 8.8% to $5.76.
YPF Sociedad An&oacute;nima (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ypf#NYSE">YPF</a>) fell 8.5% to $11.24.
Okta, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/okta#NASDAQ">OKTA</a>) declined 7.6% to $69.85 on continued downward momentum after a threat actor breached its support system and viewed certain customer files. Also, Keybanc maintained an Overweight rating on the stock but lowered its price target from $106 to $95.
World Acceptance Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wrld#NASDAQ">WRLD</a>) fell 6.8% to $103.71 after BMO Capital maintained an Underperform rating on the stock and lowered its price target from $58 to $56.
Perfect Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/perf#NYSE">PERF</a>) fell 6.8% to $2.61.
Formula Systems (1985) Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/forty#NASDAQ">FORTY</a>) declined 6% to $55.97.
Now Read This: <a href="https://www.benzinga.com/news/earnings/23/10/35372758/hexcel-likely-to-report-higher-q3-earnings-heres-a-look-at-recent-price-target-changes-by-the-most-"> Hexcel Likely To Report Higher Q3 Earnings; Here&#39;s A Look At Recent Price Target Changes By The Most Accurate Analysts</a>

Formula Sys (1985) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORTY#NASDAQ">FORTY</a>) reported quarterly earnings of $1.11 per share. This is a 47.64 percent decrease over earnings of $2.12 per share from the same period last year. The company reported $655.37 million in sales this quarter. This is a 1.67 percent increase over sales of $644.59 million the same period last year.

Formula Sys (1985) Q2 EPS $1.11 Down From $2.12 YoY, Sales $655.37M Up From $644.59M YoY

Formula Sys (1985) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORTY#NASDAQ">FORTY</a>) reported quarterly earnings of $1.01 per share. This is a 3.81 percent decrease over earnings of $1.05 per share from the same period last year. The company reported $670.40 million in sales this quarter. This is a 1.95 percent increase over sales of $657.57 million the same period last year.

Formula Sys (1985) Q1 EPS $1.01 Down From $1.05 YoY, Sales $670.40M Up From $657.57M YoY

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Shares of several tech stocks are trading higher following financial results from Micron, a dip in 10-year Treasury yields and easing concerns surrounding the banking sector.

<h3>Gainers</h3>
<ul>
<li>AuthID (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUID#NASDAQ">AUID</a>) stock increased by 12.8% to $0.48 during Tuesday's regular session. The company's market cap stands at $12.0 million. </li>
<li>VerifyMe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRME#NASDAQ">VRME</a>) shares rose 11.53% to $1.74. The market value of their outstanding shares is at $15.7 million. The company's, Q4 earnings came out today. </li>
<li>LivePerson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPSN#NASDAQ">LPSN</a>) shares moved upwards by 9.67% to $4.08. As of 13:30 EST, LivePerson's stock is trading at a volume of 1.4 million, which is 84.2% of its average full-day volume over the last 100 days. The company's market cap stands at $309.5 million. </li>
<li>AstroNova (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALOT#NASDAQ">ALOT</a>) stock increased by 9.46% to $13.07. The market value of their outstanding shares is at $96.0 million. As per the press release, Q4 earnings came out 3 days ago. </li>
<li>LG Display Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPL#NYSE">LPL</a>) stock moved upwards by 9.21% to $6.28. Trading volume for LG Display Co's stock is 255.6K as of 13:30 EST. This is 121.2% of its average full-day volume over the last 100 days. The company's market cap stands at $4.4 billion. </li>
<li>ComSovereign Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMS#NASDAQ">COMS</a>) shares moved upwards by 9.13% to $2.27. As of 13:30 EST, this security is trading at a volume of 387.6K shares, making up 43.3% of its average full-day volume over the last 100 days. The company's market cap stands at $6.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>WiSA Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISA#NASDAQ">WISA</a>) stock decreased by 44.4% to $2.0 during Tuesday's regular session. Trading volume for WiSA Technologies's stock is 3.7 million as of 13:30 EST. This is 303.7% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $3.9 million. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) shares declined by 41.48% to $1.27. As of 13:30 EST, this security is trading at a volume of 1.5 million shares, making up 127.4% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $3.9 million. </li>
<li>Cyxtera Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYXT#NASDAQ">CYXT</a>) stock declined by 14.51% to $0.76. Trading volume for this security as of 13:30 EST is 240.5K, which is 41.0% of its average full-day volume over the last 100 days. The company's market cap stands at $136.5 million. </li>
<li>Formula Sys (1985) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORTY#NASDAQ">FORTY</a>) shares fell 13.98% to $64.27. The market value of their outstanding shares is at $984.4 million. </li>
<li>Tempo Automation Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMPO#NASDAQ">TMPO</a>) stock decreased by 12.63% to $0.84. Trading volume for this security as of 13:30 EST is 106.7K, which is 32.1% of its average full-day volume over the last 100 days. The company's market cap stands at $22.1 million. </li>
<li>Rubicon Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBT#NYSE">RBT</a>) shares decreased by 11.99% to $0.65. Trading volume for this security as of 13:30 EST is 261.4K, which is 158.8% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $40.4 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.

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12 Information Technology Stocks Moving In Tuesday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>WiSA Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISA#NASDAQ">WISA</a>) shares rose 108.9% to $3.97 during Monday's regular session. WiSA Technologies's stock is trading at a volume of 30.4 million shares as of 13:30 EST. This is 6599.9% of its average full-day volume over the last 100 days. The company's market cap stands at $7.8 million. </li>
<li>ComSovereign Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMS#NASDAQ">COMS</a>) shares moved upwards by 28.1% to $2.37. As of 13:30 EST, ComSovereign Holding's stock is trading at a volume of 170.5K, which is 21.5% of its average full-day volume over the last 100 days. The company's market cap stands at $6.3 million. </li>
<li>Gorilla Technology Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRRR#NASDAQ">GRRR</a>) shares increased by 22.0% to $10.2. Gorilla Technology Gr's stock is trading at a volume of 508.0K shares as of 13:30 EST. This is 400.3% of its average full-day volume over the last 100 days. The company's market cap stands at $728.0 million. </li>
<li>Mercurity Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MFH#NASDAQ">MFH</a>) stock increased by 18.86% to $1.26. As of 13:30 EST, Mercurity Fintech Holding's stock is trading at a volume of 140.9K, which is 119.5% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $16.2 million. </li>
<li>Formula Sys (1985) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORTY#NASDAQ">FORTY</a>) stock moved upwards by 13.41% to $76.44. The market value of their outstanding shares is at $1.1 billion. </li>
<li>Kaspien Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSPN#NASDAQ">KSPN</a>) shares rose 13.13% to $0.59. Trading volume for this security as of 13:30 EST is 542.2K, which is 675.0% of its average full-day volume over the last 100 days. The company's market cap stands at $2.9 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 declined by 22.8% to $1.86 during Monday's regular session. The current volume of 424.9K shares is 267.3% of Applied Optoelectronics's average full-day volume over the last 100 days (last updated at 13:30 EST). The market value of their outstanding shares is at $54.0 million. </li>
<li>WaveDancer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAVD#NASDAQ">WAVD</a>) stock fell 19.94% to $0.3. Trading volume for this security as of 13:30 EST is 262.1K, which is 204.6% of its average full-day volume over the last 100 days. The company's market cap stands at $5.7 million. </li>
<li>Presto Automation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRST#NASDAQ">PRST</a>) stock fell 12.09% to $1.89. Presto Automation's stock is trading at a volume of 172.9K shares as of 13:30 EST. This is 351.6% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $97.0 million. </li>
<li>Ribbon Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBBN#NASDAQ">RBBN</a>) stock declined by 11.5% to $3.31. Trading volume for Ribbon Comms's stock is 1.0 million as of 13:30 EST. This is 125.0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $556.4 million. </li>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) shares declined by 10.99% to $7.62. The company's market cap stands at $6.2 million. </li>
<li>OneConnect Financial Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OCFT#NYSE">OCFT</a>) stock fell 10.5% to $5.2. Trading volume for OneConnect Financial Tech's stock is 152.1K as of 13:30 EST. This is 150.6% of its average full-day volume over the last 100 days. The company's market cap stands at $202.7 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.

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Shares of several companies in the broader tech sector are trading lower amid overall market weakness as investors assess uncertainty in the financial services sector, which has been volatile following recent bank failures.

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Shares of several companies in the broader tech sector are trading lower amid increased fears of instability in the banking sector.

U.S. stocks traded higher midway through trading, with the Dow Jones gaining more than 100 points on Monday.
The Dow traded up 0.42% to 33,531.77 while the NASDAQ rose 0.97% to 11,802.73. The S&amp;P 500 also rose, gaining, 0.69% to 4,073.40.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/03/31216663/this-analyst-with-88-accuracy-rate-sees-over-20-upside-in-marvell-technology-here-are-5-"> This Analyst With 88% Accuracy Rate Sees Over 20% Upside In Marvell Technology - Here Are 5 Stock Picks For Last Week From Wall Street&#39;s Most Accurate Analysts</a>
&nbsp;
Leading and Lagging Sectors
<ul>
<li>Information technology shares rose 1.6% on Monday. Meanwhile, top gainers in the <a href='https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/'>sector</a> included BigBear.ai Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bbai#NYSE">BBAI</a>), up 13%, and Formula Systems (1985) Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/forty#NASDAQ">FORTY</a>), up 9%.</li>
<li>In trading on Monday, materials shares fell by 0.7%.</li>
</ul>

&nbsp; 
<h3>Top Headline</h3>

US factory orders dropped 1.6% in January, versus market expectations for a 1.8% decline.
&nbsp; 
<h3>Equities Trading UP</h3>
<ul>
<li>BridgeBio Pharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bbio#NASDAQ">BBIO</a>) shares shot up 62% to $17.60 after the company announced positive data for its phase 2 study of Infigratinib in Achondroplasia.</li>
<li>Shares of Azul S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/azul#NYSE">AZUL</a>) got a boost, shooting 65% to $6.85 after the company announced a deal to reduce the immediate cash it must expend for leased property.</li>
<li>Unicycive Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/uncy#NASDAQ">UNCY</a>) shares were also up, gaining 168% to $1.3150 after the company announced a private placement of up to $130 million in gross proceeds to commercialize and launch Renazorb.</li>
</ul>

&nbsp; 
<h3>Equities Trading DOWN</h3>
<ul>
<li>Aclaris Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acrs#NASDAQ">ACRS</a>) shares tumbled 53% to $6.07 after the company announced its Phase 2A study of Zunsemetinib for Hidradentis Suppurativa did not meet its primary or secondary endpoints.</li>
<li>Shares of Embark Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/embk#NASDAQ">EMBK</a>) were down 33% to $2.5699. On March 1, 2023, Embark Technology board approved a reduction in its current workforce by approximately 230 employees.</li>
<li>Esperion Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/espr#NASDAQ">ESPR</a>) was down, falling 22% to $4.9150 after the company published new data on its treatment to reduce cardiovascular risk,</li>
</ul>

Also Check This Out: <a href="https://www.benzinga.com/markets/cryptocurrency/23/03/31217936/ethereum-edges-lower-but-remains-above-1-500-singularitynet-becomes-top-loser"> Ethereum Edges Lower But Remains Above $1,500; SingularityNET Becomes Top Loser</a>
&nbsp; 
<h3>Commodities</h3>
<ul>
<li>In commodity news, oil traded down 0.5% to $79.25 while gold traded up 0.1% at $1,856.80.</li>
</ul>

Silver traded up 0.1% to $21.26 on Monday while copper rose 0.2% to $4.0730.
&nbsp; 
<h3>Euro zone</h3>

European shares were mostly higher today. The eurozone&rsquo;s STOXX 600 fell 0.01%, London&rsquo;s FTSE 100 fell 0.32% while Spain&rsquo;s IBEX 35 Index rose 0.42%. The German DAX gained 0.56% French CAC 40 rose 0.4% and Italy&rsquo;s FTSE MIB Index gained 0.41%.
Retail trade in the Eurozone rose by 0.3% from a month ago in January versus a revised 1.7% decline in December, while the S&amp;P Global Eurozone construction PMI climbed to 47.6 in February from 46.1 a month ago.
The S&amp;P Global/CIPS UK construction PMI climbed to 54.6 in February from 48.4 in the previous month, while UK new car registrations climbed by 26.2% from a year ago to 74,441 units in February. The S&amp;P Global Italy construction PMI rose to 48.9 in February from 48.2 a month ago. The S&amp;P Global German construction PMI rose to 48.6 in February of from 43.3 in January, while France construction PMI declined to 45.2 from 48.4.
&nbsp; 
<h3>Asia Pacific Markets</h3>

Asian markets closed mostly higher on Monday, with Japan&rsquo;s Nikkei 225 gaining 1.11%, Hong Kong&rsquo;s Hang Seng Index rising 0.17% and China&rsquo;s Shanghai Composite Index falling 0.19%. India&rsquo;s S&amp;P BSE Sensex climbed 0.7%.
&nbsp; 
<h3>Economics</h3>

US factory orders dropped 1.6% in January, versus market expectations for a 1.8% decline.
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/03/31216640/top-5-utilities-stocks-that-could-blast-off-in-march"> Top 5 Utilities Stocks That Could Blast Off In March</a>
&nbsp; 
<h3>COVID-19 Update</h3>

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 105,396,810 cases with around 1,146,740 deaths. India confirmed a total of at least 44,688,100 cases and 530,770 deaths, while France reported over 39,638,150 COVID-19 cases with 165,030 deaths. In total, there were at least 680,690,500 cases of COVID-19 worldwide with more than 6,805,280 deaths.

Formula Systems (1985) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORTY#NASDAQ">FORTY</a>) reported quarterly earnings of $1.09 per share. This is a 28.24 percent increase over earnings of $0.85 per share from the same period last year. The company reported $636.30 million in sales this quarter. This is a 8.54 percent increase over sales of $586.26 million the same period last year.

Formula Systems (1985) Q3 EPS $1.09 Up From $0.85 YoY, Sales $636.30M Up From $586.26M YoY

Formula Systems (1985) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORTY#NASDAQ">FORTY</a>) reported quarterly earnings of $2.12 per share. This is a 146.51 percent increase over earnings of $0.86 per share from the same period last year. The company reported $644.60 million in sales this quarter. This is a 9.65 percent increase over sales of $587.88 million the same period last year.

Formula Systems (1985) Q2 EPS $2.12 Up From $0.86 YoY, Sales $644.60M Up From $587.88M YoY