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June 03, 2023
Markets closed higher yet Guidewire Software, Inc., C3.ai, Inc., Riot Blockchain, Inc. top this unflattering list of yesterday's losers
Following yesterday's session, markets had an interesting day yesterday; Dow Jones ended the session at 33,763 after a 2.12% gain. S&P 500 gained 1.45% and closed at 4,282.37.
Uptick coincides with some positive signs published earlier as United States Non Farm Payrolls improved upon its previous reading of 294,000 with a new data release of 339,000.
Despite yesterday's market climb several technology stocks suffered losses. Take a look at the market's Top Losers.
Guidewire Software | Closed down 14.43% at $70.89 yesterday
6 months ago, the property and casualty insurance carrier fell to a low of $52.65 but has since recovered 57.34%. So far this year, it has been under-performing the Nasdaq by 11.11%. The company is currently trading with a market cap of $5.78 billion with an average daily volume of 693,792 shares.
C3.ai closed at $32.26, continuing its bearish run
Yesterday's session continued down the same path: pronounced bearish sentiment in the market pushed the enterprise AI software provider into a notable 7.09% slide yesterday, falling $2.46 and ultimately closing at $32.26. C3.ai's market cap is currently $3.62 billion with an average daily trading volume of 33.90 million shares.
-5.64%: Riot Blockchain, Inc. sheds 5.64% within $11.37 to $12.7 daily range
Early in yesterday's session, Riot Blockchain, Inc. dropped to $11.37 from $12.41 at the end of Thursday, before closing at $11.71. During the session, it lost 5.64%. Riot Blockchain, Inc.'s market cap currently stands at $2 billion with an average daily trading volume of 21.43 million shares.
