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April 21, 2023Markets closed sideways but Tuya Inc., Everbridge, Inc., Allot Ltd. drop and make it on this unflattering list of today's losing technology stocks.
What happened after today's session ended? Markets did not have a clear cut direction — Nasdaq closed 12,072 after a stable day. Dow Jones closed at 33,800 after a flat day.
This limbo state is reflected by market data published as United States Services PMI released today at 13:45 UTC with a figure of 53.7, while the previous figure was 52.6.
While markets traded sideways today, some technology stocks suffered significant losses. Here is the list of Top Losers from today:
Tuya | -8.45% at $1.95
The stock has been trending positively for about a month. So far this year, it has been under-performing the Nasdaq by 7.9%. The company's market cap currently stands at $1 billion with an average daily trading volume of 391,181 shares. Tuya is forecasted to generate revenues of $43.19 million and EPS of -7 cents.
Everbridge | -7.11% at $28.21
Having fallen $2 in 3 days, More of the same from today's session: early in today's session, Everbridge dropped to $26.72 from $30.37 at the end of yesterday, before closing at $28.21. During the session, it lost 7.11%.
-4.83%: today's slide leaves Allot traders hoping for a bounce
After ending yesterday at $2.9, Allot declined to $2.72 today before closing at $2.76, thereby losing 4.83% in total. The Israeli telecoms software developer's market cap currently stands at $103.29 million with an average daily volume of 45,042 shares.
