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June 21, 2023Markets closed lower, with Tuya Inc., SolarEdge Technologies, Inc., GDS Holdings Limited making yesterday's list of top losers.
A quick update: leading equity indices in the US declined as Dow Jones shed 0.72% and closed at 34,054. S&P 500 closed at 4,388.71, a 0.47% change.
Meanwhile, United States Building Permits (May) came out at 1.49 million, while a consensus of analysts was expecting 1.43 million.
In line with markets falling yesterday, some technology stocks made the list of top losers. Take a look.
-7.71%: SolarEdge Technologies ended the session at $255.36 (-7.71%)
Yesterday's session continued down the same path: early in yesterday's session, SolarEdge Technologies, Inc. dropped to $252.23 from $276.7 at the end of Monday, before closing at $255.36. During the session, it lost 7.71%. The company is currently trading with a market cap of $14.39 billion with an average daily volume of 911,646 shares. So far this year, it has been doing worse than the Nasdaq by 33.76%.
-7.12%: bearish GDS Holdings declines 95 cents (7.12%)
More of the same from yesterday's session: after ending Monday at $13.34, GDS Holdings declined to $11.82 yesterday before closing at $12.39, thereby losing 7.12% in total. GDS Holdings's market cap currently stands at $2.36 billion with an average daily trading volume of 1.46 million shares. So far this year, it has been under-performing the Nasdaq by 69.93%.
-9.13%: Tuya sheds 9.13% within $1.87 to $2 daily range
After ending Monday at $2.08, Tuya dropped to $1.87 early in yesterday's session and closed at $1.89. In total, it lost 9.13%. Tuya's market cap is currently $1 billion with an average daily volume of 472,047 shares. So far this year, it has been under-performing the Nasdaq by 29.41%.
