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July 01, 2023Markets closed higher yet ZoomInfo Technologies Inc., Lyft, Inc., ASE Technology Holding Co., Ltd. top this unflattering list of yesterday's losers
After yesterday's closing bell, leading equity indices in the US rose as S&P 500 closed the day at 4,450.38, having gained 1.23%. Nasdaq ended the session at 13,800 after a 1.45% gain.
More data out yesterday as United States Core PCE Price Index (YoY) (May) came out at 4.6, while a consensus of analysts was expecting 4.7.
Despite yesterday's market climb several technology stocks suffered losses. Take a look at the market's Top Losers.
-2.65%: bearish mood pushes ZoomInfo Technologies to session low of $25.39
Yesterday's session suggests run might be coming to an end — an influx of sellers pushed the software and data company to session lows around $25.39 while establishing a $25.39 to $26.39 session range yesterday. Currently, the data provider has a market capitalization of $11.92 billion with an average daily trading volume of 8.74 million shares. So far this year, it has been doing worse than the Nasdaq by 38.46%.
-2.54%: risk-off sentiment pushes Lyft to 2.54% loss yesterday
Yesterday's session continued the recent downtrend: despite the risk-off mood, Lyft was range-bound between $9.57 to $10.1 and settled at $9.59. The company is currently trading with a market cap of $3.54 billion with an average daily volume of 14.25 million shares. So far this year, it has been under-performing the Nasdaq by 38.48%.
ASE Technology | -2% yesterday including 1.16% drop in aftermarket trade
Having soared to a high of $8.96 approximately 18 days ago, the semiconductor assembling specialist is now trading 11.29% lower. So far this year, it has been doing worse than the Nasdaq by 1.18%. The test manufacturing services provider's market cap currently stands at $16.75 billion with an average daily trading volume of 5.83 million shares.
