GDS Holdings is yesterday's top mover after declining 17.44%
Leading equity indices in the US rose as Dow Jones ended the session at 31,500 after a 1.34% gain. S&P 500 closed the day at 3,797.34, having gained 1.19%.
Today's price action is taking place amid mixed market indicators – United States Services PMI came out at 46.6, while a consensus of analysts was expecting 49.2.
“Top Movers” are assets that recorded the highest percentage change compared to their nearest peers. yesterday's most active technology stocks are listed below.
GDS Holdings | Currently down 17.44% at $11.88
GDS Holdings Limited has lost 23.75% over the last 5 days. Yesterday's session continued the recent downtrend: early in yesterday's session, GDS Holdings dropped to $9.39 from $14.39 at the end of Friday, before closing at $11.88. During the session, it lost 17.44%.
Daily trading volume (3.85 million shares) was higher than the current multiday average of 1.21 million.
Tuya | Closed yesterday's session at 83 cents
Having fallen 7.03 cents in 5 days, Yesterday's session continued down the same path: after ending Friday at 95.97 cents, Tuya dropped to 77.03 cents early in yesterday's session and closed at 83 cents. In total, it lost 13.51%. Daily trading volume (903,262 shares) was above the current multiday average of 474,885.
Weibo | Closed $1.54 (-12.57%) lower at $10.71
Having set a significant high of $50.12 a day ago, Weibo is trading 14.38% lower. So far in 2022, it has been under-performing the Nasdaq by 18.33%. Weibo's market cap currently stands at $2.65 billion with an average daily trading volume of 754,202 shares. Weibo last reported revenue of $450.15 million with an EPS of 46 cents.