Markets closed higher yet Coherent, Inc., Lumentum Holdings Inc., Otonomo Technologies Ltd. top this unflattering list of yesterday's losers
A review of what happened yesterday: markets were up yesterday; Nasdaq ended the session at 12,100 after a 0.76% gain. S&P 500 closed the day at 4,105, having gained 0.36%.
Uptick coincides with some positive signs published earlier as United States Unemployment Rate beat the 3.6 projections, with 3.5.
Despite yesterday's market climb several technology stocks suffered losses. Take a look at the market's Top Losers.
-9.71%: Lumentum suffers weak session with 9.71% loss; downside halted at $45.34
Yesterday's session continued down the same path: early in yesterday's session, Lumentum dropped to $45.34 from $51.31 at the end of Wednesday, before closing at $46.33. During the session, it lost 9.71%. Lumentum's market cap is currently $3.17 billion with an average daily trading volume of 1 million shares.
-10.11%: bearish mood pushes Coherent to session low of $31.61
Yesterday's session continued the recent downtrend: after ending Wednesday at $36.69, Coherent declined to $31.61 yesterday before closing at $32.98, thereby losing 10.11% in total. Currently, the laser and photonics supplier has a market capitalization of $4.29 billion with an average daily volume of 1.50 million shares.
Otonomo | Closed down 4.32% at 39 cents yesterday
The car data exchange platform is trading 80.19% lower compared to the $2.04 high it reached over the past year. The Israeli car data marketplace's market cap currently stands at $54.90 million with an average daily trading volume of 247,429 shares.