Markets closed sideways but Weibo Corporation, PagSeguro Digital Ltd., FireEye, Inc. drop and make it on this unflattering list of Friday's losing technology stocks.
A quick update before tomorrow's session: markets completed a mixed session Friday, as Dow Jones ended the session at 34,347 after a 0.45% gain. Nasdaq closed at 11,226, a 0.52% change.
While markets traded sideways Friday, some technology stocks suffered serious losses. Here is the list of top losers from Friday:
PagSeguro Digital | Closed Friday's session at $9.88
PagSeguro Digital's bearish run has lasted 4 days so far (-$2). Friday's session continued the recent downtrend: pronounced bearish sentiment in the market pushed the payment processing software developer into a notable 3.7% slide Friday, falling 38 cents and ultimately closing at $9.88. Daily trading volume (3.97 million shares) was slightly above the current multiday average of 3.66 million.
Weibo | -4.63% at $13.18
Having set a significant high of $42.79 a month ago, the micro-blogging pioneer is trading 29.04% lower. So far in 2022, it has been under-performing the Nasdaq by 16.59%. The company's market cap is $3.12 billion with an average daily trading volume of 1 million shares. Weibo has a forecast of $453.56 million with an EPS of 38 cents.
FireEye | Currently down 3.41% at $17.27
Having set a significant high of $17.27 11 months ago, the cybersecurity company is trading 11.12% lower. With an average daily trading volume of 3.47 million shares.