Markets closed sideways but Weibo Corporation, PagSeguro Digital Ltd., FireEye, Inc. drop and make it on this unflattering list of yesterday's losing technology stocks.
After yesterday's closing bell, markets completed a mixed session yesterday while Dow Jones closed the day at 34,347, having gained 0.45%. Nasdaq shed 0.52% and closed at 11,226.
While markets traded sideways yesterday, some technology stocks suffered serious losses. Here is the list of top losers from yesterday:
PagSeguro Digital | Closed 38 cents (-3.7%) lower at $9.88
PagSeguro Digital's bearish run has lasted 3 days so far (-$2). More of the same from yesterday's session: pronounced bearish market sentiment ensured that the payment processing software developer made a notable 3.7% loss yesterday, declining 38 cents and ultimately closing at $9.88. Daily trading volume (3.95 million shares) was slightly greater than the current multiday average of 3.64 million.
Weibo | Closed yesterday's session at $13.18
Over the last 5 days, Weibo has fallen 17.11%. Yesterday's session continued the recent downtrend: the Chinese social network has almost recovered all its losses from a previous close of $13.82 after dipping down to $13.11 yesterday. Yesterday's trading volume was 404,286 shares which is below the 21-day average of 1.20 million.
FireEye | Currently down 3.41% at $17.27
The cybersecurity company is up 11.12% from the significant low of $16.09 it hit 11 months ago. With an average daily trading volume of 3.47 million shares.