Markets closed higher yet GDS Holdings Limited, Weibo Corporation, Snowflake Inc. top this unflattering list of Friday's losers
Before today's session begins, here is a reminder of recent events: leading equity indices in the US rose as Dow Jones ended the session at 32,862 after a 2.59% gain. S&P 500 gained 2.46% and closed at 3,901.
Despite the climb, markets experienced Friday, some technology stocks suffered losses. Take a look at our top losers.
GDS Holdings | Closed $1.52 (-13.63%) lower at $9.63
GDS Holdings's bearish run has lasted 3 days so far (-$1.64). More of the same from Friday's session: after ending Thursday at $11.15, GDS Holdings dropped to $9.29 early in Friday's session and closed at $9.63. In total, it lost 13.63%.
Snowflake | -5.57% at $159.69
Snowflake's downtrend has seen it decline 12.17% in 4 days Friday's session continued the recent downtrend: early in Friday's session, Snowflake dropped to $155.03 from $169.11 at the end of Thursday, before closing at $159.69. During the session, it lost 5.57%.
Weibo | Currently down 7.72% at $10.88
Over the last 3 days, Weibo has fallen 10.82%. Friday's session continued down the same path: after ending Thursday at $11.79, Weibo dropped to $10.68 early in Friday's session and closed at $10.88. In total, it lost 7.72%. Daily trading volume (1 million shares) increased, making up 105% of the 21-day average (957,331).