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April 28, 2023Markets closed higher yet Cloudflare, Inc., Alteryx, Inc., First Solar, Inc. top this unflattering list of today's losers
After today's closing bell, leading equity indices in the US rose as Dow Jones closed the day at 34,100, having gained 0.8%. S&P 500 gained 0.83% and closed at 4,169.48.
More data out today as United States Core PCE Price Index (MoM) (Mar) released today at 12:30 UTC with a figure of 0.3, while the previous figure was 0.3.
Despite today's market climb several technology stocks suffered losses. Take a look at the market's Top Losers.
Cloudflare | Closed today's session at $47.05
Cloudflare traded at $47.05 after making its biggest single-day drop of $12.53 (21.03%) since May 2022. The US content delivery network has gained 38.49% since its lowest print of $37.84 earlier this year. So far this year, it has performed better than the Nasdaq by 24.03%. Cloudflare's market cap currently stands at $15.61 billion with an average daily trading volume of 3.75 million shares.
-9.09%: bearish First Solar declines $18.25 (9.09%)
Today's session continued down the same path: early in today's session, First Solar dropped to $170.55 from $200.83 at the end of yesterday, before closing at $182.58. During the session, it lost 9.09%. First Solar is currently trading with a market cap of $19.50 billion with an average daily trading volume of 1.89 million shares. So far this year, it has been beating the Nasdaq by 23.15%.
-19.38%: risk-off mood drags Alteryx 19.38% lower
After ending yesterday at $51.02, Alteryx declined to $40.44 today before closing at $41.13, thereby losing 19.38% in total. Currently, the US computer software company has a market capitalization of $2.90 billion with an average daily volume of 1 million shares.
Alteryx trades at $41.13 ahead of quarterly performance report which is scheduled to be released Monday.
