GDS Holdings is yesterday's top mover after declining 10.38%
Leading equity indices in the US declined as Nasdaq slipped 1.03% and closed at 11,000. S&P 500 shed 0.75% and closed at 3,872.
Today's price action is taking place amid mixed market indicators – United States OPEC Crude Oil Production Algeria (Barrel) released yesterday at 15:00 UTC with a figure of 1 million, while the previous figure was 1 million.
Assets that recorded the greatest percentage change in relation to their peers are designated as "Top Movers" with 's most active technology stocks listed below.
First Solar | +9.72% at $145.57
First Solar is on an 11 day bullish run gaining $14.39 (23.07%). First Solar stayed on track yesterday: First Solar topped out at $148.2 having ended yesterday at $145.57. However, despite early momentum, the stock gave up its gains to now trade at $145.57. Daily trading volume (7.12 million shares) increased, making up 214% of the 21-day average (3.33 million).
The company reported earnings of -0.46 per share Thursday, falling short of expectations of -0.27. Revenue was also lower than expected at $628.93 million versus $748.61 million. Although earnings did not match projections, First Solar gained 10.78% since the release of its earnings report.
GDS Holdings | -10.38% at $8.63
Having fallen $3.16 in 4 days, Yesterday's session continued down the same path: an influx of sellers pushed GDS Holdings to end the session lower around $8.63, while establishing a $8.41 to $9.44 session range yesterday. Daily trading volume (5 million shares) increased, making up 317% of the 21-day average (1.60 million).
ON Semiconductor | Closed $6.05 (-8.97%) lower at $61.43
After ending Friday at $67.48, ON Semiconductor dropped to $61.23 early in yesterday's session and closed at $61.43. In total, it lost 8.97%.
ON Semiconductor reported earnings results yesterday; with EPS at 0.87 and revenues at $2.19 billion, these results are mixed compared to a consensus of 1.31 Earnings Per Share and $2.12 billion revenue. Since the release of its earnings report, ON Semiconductor lost 8.97%.