Markets closed higher yet Palantir Technologies Inc., Shift4 Payments, Inc., Appian Corporation top this unflattering list of yesterday's losers
Following yesterday's session, leading equity indices in the US rose as Dow Jones gained 1.31% and closed at 32,827. S&P 500 ended the session at 3,806.8 after a 0.96% gain.
Despite the climb, markets experienced yesterday, some technology stocks suffered losses. Take a look at our top losers.
Appian Corporation | Closed yesterday's session at $35.85
Over the last 4 days, Appian Corporation has fallen 28.84%. Yesterday's session continued the recent downtrend: Appian Corporation has almost recovered all its losses from a previous close of $38.43 after dipping down to $35.37 yesterday.
The company reported earnings results Thursday; with EPS at -0.59 and revenues at $117.88 million, these results are mixed compared to a consensus of -0.32 Earnings Per Share and $116.11 million revenue. Since the release of its earnings report, Appian Corporation lost 24.49%.
Shift4 | -7.15% at $37.27
Having fallen $6.04 in 4 days, More of the same from yesterday's session: after ending Friday at $40.14, Shift4 dropped to $36.33 early in yesterday's session and closed at $37.27. In total, it lost 7.15%. Daily trading volume (2.98 million shares) increased, making up 328% of the 21-day average (907,782).
Palantir Technologies | -11.48% at $7
Palantir Technologies's downtrend has seen it decline 20.14% in 5 days Yesterday's session continued the recent downtrend: early in yesterday's session, Palantir Technologies dropped to $6.89 from $7.93 at the end of Friday, before closing at $7. During the session, it lost 11.48%.