Markets closed higher yet Cyren Ltd., Unity Software Inc., Five9, Inc. top this unflattering list of yesterday's losers
Ahead of today's trading session: leading equity indices in the US rose as Nasdaq gained 0.72% and closed at 11,600. S&P 500 ended the session at 4,012.32 after a 0.53% gain.
Uptick coincides with some positive signs published earlier as data from United States concerning Crude Oil Inventories was released yesterday at 16:00 UTC. Newly published figures emphasized continued decline from last month's figure of 16.28 million to 7.65 million this month.
Despite yesterday's market climb several technology stocks suffered losses. Take a look at the market's Top Losers.
Unity Software | Closed down 15.9% at $31.83 yesterday
Unity Software's bearish run has lasted 6 days so far (-$4.82). Yesterday's session continued the recent downtrend: after ending Wednesday at $37.85, Unity Software dropped to $30.75 early in yesterday's session and closed at $31.83. In total, it lost 15.9%.
-9.56%: yesterday's slide leaves Five9 traders hoping for a bounce
After ending Wednesday at $81.5, Five9 declined to $69.65 yesterday before closing at $73.71, thereby losing 9.56% in total. The cloud software provider's market cap currently stands at $5.20 billion with an average daily volume of 1.39 million shares. So far this year, it has been under-performing the Nasdaq by 5.07%.
Cyren closed at 21 cents, continuing its bearish run
More of the same from yesterday's session: early in yesterday's session, Cyren dropped to 19.08 cents from 38.13 cents at the end of Wednesday, before closing at 21 cents. During the session, it lost 44.93%.
Currently, the state-of-the-art email security software developer has a market capitalization of $1.68 million with an average daily trading volume of 1 million shares.