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May 16, 2023Markets closed lower, with Paysafe Limited, GDS Holdings Limited, Sunrun Inc. making today's list of top losers.
What happened after today's session ended? Leading equity indices in the US declined as Dow Jones shed 1% and closed at 33,000. S&P 500 lost 0.64% and ended the session at 4,110.
This downslide might be related to financial indicators data published earlier as United States Retail Sales improved upon its previous reading of -0.7% with a new data release of 0.4%.
In line with markets falling today, some technology stocks made the list of top losers. Take a look.
-10.11%: GDS Holdings ticks up 1.25% in after hours trading; currently at $10.53
GDS Holdings Limited shed 10.11%, falling to $10.4. GDS Holdings is currently trading with a market cap of $2.46 billion with an average daily trading volume of 1.29 million shares. So far this year, it has been under-performing the Nasdaq by 67.26%.
GDS Holdings is scheduled to announce earnings results tomorrow. The consensus EPS estimate is -0.32 and the consensus revenue estimate is $355.57 million.
-7.82%: Sunrun sheds 7.82% within $15.29 to $16.4 daily range
Today's session continued down the same path: an influx of sellers pushed the photovoltaic solar energy firm to end the session lower around $15.32, while establishing a $15.29 to $16.4 session range today. Currently, the photovoltaic solar energy firm has a market capitalization of $3.48 billion with an average daily volume of 10.44 million shares. So far this year, it has been doing worse than the Nasdaq by 44.94%.
-12.28%: Paysafe sheds 12.28% within $12.65 to $14.33 daily range
After ending yesterday at $14.49, Paysafe declined to $12.65 today before closing at $12.71, thereby losing 12.28% in total. The payment processing tech firm's market cap currently stands at $778.70 million with an average daily trading volume of 271,231 shares. So far this year, it has been doing worse than the Nasdaq by 15.51%.
