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June 28, 2023
Markets closed higher yet TD SYNNEX, PowerFleet, Inc., PagSeguro Digital Ltd. top this unflattering list of yesterday's losers
Before today's session begins, here is a reminder of recent events: leading equity indices in the US rose as Nasdaq ended the session at 13,556 after a 1.65% gain. S&P 500 closed the day at 4,378.41, having gained 1.15%.
More data out yesterday as United States New Home Sales (May) came out at 763,000, while a consensus of analysts was expecting 675,000.
Despite yesterday's market climb several technology stocks suffered losses. Take a look at the market's Top Losers.
PagSeguro Digital slides 2.27%; closes lower for five consecutive days
Yesterday's session continued the recent downtrend: pronounced bearish sentiment in the market pushed the payment processing software developer into a notable 2.27% slide yesterday, falling 22 cents and ultimately closing at $9.46. The company's market cap currently stands at $3 billion with an average daily volume of 7 million shares. So far this year, it has been under-performing the Nasdaq by 9.34%.
-5%: bearish mood pushes Synnex to session low of $87.67
After ending Monday at $97.7, Synnex declined to $87.67 yesterday before closing at $92.82, thereby losing 5% in total. The company has a market cap of $8.76 billion with an average daily trading volume of 442,941 shares.
-4.07%: PowerFleet closed at $2.83 after losing 4.07% yesterday
More of the same from yesterday's session: an influx of sellers pushed the Internet of Things SaaS company to end the session lower around $2.83, while establishing a $2.82 to $2.95 session range yesterday. PowerFleet's market cap currently stands at $102.17 million with an average daily volume of 77,847 shares.
