Markets closed higher yet Cloudflare, Inc., Alteryx, Inc., First Solar, Inc. top this unflattering list of yesterday's losers
Following yesterday's session, leading equity indices in the US rose as Dow Jones gained 0.8% and closed at 34,100. S&P 500 ended the session at 4,169.48 after a 0.83% gain.
More data out yesterday as United States Core PCE Price Index (MoM) (Mar) came out at 0.3, while a consensus of analysts was expecting 0.3.
Despite yesterday's market climb several technology stocks suffered losses. Take a look at the market's Top Losers.
-21.03%: Cloudflare sheds 21.03% within $43 to $47.1 daily range
More of the same from yesterday's session: after ending Thursday at $59.58, Cloudflare, Inc. declined to $43 yesterday before closing at $47.05, thereby losing 21.03% in total. Cloudflare's market cap currently stands at $15.61 billion with an average daily volume of 5.39 million shares. So far this year, it has been doing worse than the Nasdaq by 7.9%.
First Solar | Closed yesterday's session at $182.58
The PV power plant enabler is now trading 8.5% below the significant high of $219.48 it set around 11 days ago. So far this year, it has been outperforming the Nasdaq by 7.17%. The company is currently trading with a market cap of $19.50 billion with an average daily trading volume of 2.31 million shares.
Alteryx | Closed yesterday's session at $41.13
The data science and analytics company has shed 21.28% over the past three months. The US computer software company's market cap currently stands at $2.90 billion with an average daily trading volume of 1.41 million shares.
Alteryx is scheduled to announce earnings results Monday. The consensus EPS estimate is -0.26 and the consensus revenue estimate is $200 million.