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April 18, 2023
Markets closed higher yet CommScope Holding Company, Inc., Radware Ltd., Keysight Technologies Inc top this unflattering list of yesterday's losers
Before today's session begins, here is a reminder of recent events: markets closed higher yesterday, as Dow Jones closed the day at 34,000, having gained 0.3%. S&P 500 ended the session at 4,151.32 after a 0.33% gain.
More data out yesterday as United States TIC Net Long-Term Transactions (Feb) released yesterday at 20:00 UTC with a figure of 71 billion, while the previous figure was 31.9 billion.
Despite yesterday's market climb several technology stocks suffered losses. Take a look at the market's Top Losers.
Keysight | Closed down 4.09% at $153.03 yesterday
Keysight Technologies Inc dropped to $151.5, its lowest point in 5 weeks and a half. It later recovered $1.53 and closed at $153.03. Approximately 2 months ago, the electronics company reached a significant high of $188.51 but has struggled to hold onto its gains and declined 15.36% since then. So far this year, it has been under-performing the S&P by 17.67%. The company is currently trading with a market cap of $27.26 billion with an average daily trading volume of 1 million shares. Keysight is forecasted to generate revenues of $1.37 billion and EPS of $1.74.
CommScope Holding Company, Inc. | -7.13% at $4.95
CommScope Holding Company, Inc.'s downtrend has seen it decline 22.29% in 11 days Yesterday's session continued down the same path: early in yesterday's session, CommScope Holding Company, Inc. dropped to $4.72 from $5.33 at the end of Friday, before closing at $4.95. During the session, it lost 7.13%.
-6.82%: bearish Radware declines $1.55 (6.82%)
More of the same from yesterday's session: early in yesterday's session, Radware dropped to $21.29 from $23 at the end of Friday, before closing at $21.45. During the session, it lost 6.82%. The company has a market cap of $961.84 million with an average daily volume of 128,989 shares.
