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May 02, 2023
Markets closed sideways but Riot Blockchain, Inc., Alteryx, Inc., Check Point Software Technologies Ltd drop and make it on this unflattering list of yesterday's losing technology stocks.
A quick update before today's session: markets did not have a clear cut direction — after dropping 0.14%, Dow Jones closed at 34,052. Nasdaq closed 12,200 after a stable day.
This limbo state is reflected by market data published as United States ISM Manufacturing PMI (Apr) released yesterday at 14:00 UTC with a figure of 47.1, while the previous figure was 46.3.
While markets traded sideways yesterday, some technology stocks suffered significant losses. Here is the list of Top Losers from yesterday:
-6.94%: bearish Check Point declines $8.84 (6.94%)
Yesterday's session continued down the same path: after ending Friday at $127.36, Check Point dropped to $118.05 early in yesterday's session and closed at $118.52. In total, it lost 6.94%. The company's market cap currently stands at $14.86 billion with an average daily volume of 858,694 shares. So far this year, it has been doing worse than the Nasdaq by 21.06%.
Alteryx ended the session at $37.95, continuing its bearish run
Yesterday's session continued down the same path: pronounced bearish sentiment in the market pushed the US computer software company into a notable 7.73% slide yesterday, falling $3.18 and ultimately closing at $37.95. Alteryx has a market cap of $2.67 billion with an average daily trading volume of 1.68 million shares.
-12.04%: Riot Blockchain, Inc. lost 12.04% yesterday, closed at $10.52
After ending Friday at $11.96, Riot Blockchain, Inc. declined to $10.37 yesterday before closing at $10.52, thereby losing 12.04% in total. The US large-scale Bitcoin miner's market cap currently stands at $1.76 billion with an average daily trading volume of 26.56 million shares.
Riot Blockchain, Inc. is scheduled to announce earnings results Tuesday. The consensus EPS estimate is -0.17 and the consensus revenue estimate is $76 million.
