Markets closed sideways but AudioCodes Ltd., GDS Holdings Limited, Square, Inc. drop and make it on this unflattering list of yesterday's losing technology stocks.
Before today's session begins, here is a reminder of recent events: markets did not have a clear cut direction — Dow Jones ended the session at 33,600 after a 0.3% gain. S&P 500 closed at 4,109 after a flat day.
While markets traded sideways yesterday, some technology stocks suffered significant losses. Here is the list of Top Losers from yesterday:
Square | Closed $1.74 (-2.56%) lower at $66.36
Over the last 4 days, Square, Inc. has fallen 3.6%. Yesterday's session continued the recent downtrend: early in yesterday's session, Square dropped to $65.47 from $68.1 at the end of Thursday, before closing at $66.36. During the session, it lost 2.56%.
-3.2%: bearish mood pushes GDS Holdings to session low of $16.93
After ending Thursday at $17.84, GDS Holdings dropped to $16.93 early in yesterday's session and closed at $17.27. In total, it lost 3.2%. Currently, the Chinese data platform has a market capitalization of $3.29 billion with an average daily trading volume of 1.11 million shares. So far this year, it has been doing worse than the Nasdaq by 40.65%.
AudioCodes | Closed down 21.29% at $11.31 yesterday
AudioCodes's downtrend has seen it decline 25% in 6 days Yesterday's session continued down the same path: early in yesterday's session, AudioCodes dropped to $11.02 from $14.37 at the end of Thursday, before closing at $11.31. During the session, it lost 21.29%.