Markets closed higher yet GDS Holdings Limited, FireEye, Inc., ironSource Ltd. top this unflattering list of yesterday's losers
A quick update before today's session: markets were up yesterday; Dow Jones ended the session at 34,100 after a 1.18% gain. S&P 500 closed the day at 4,003.58, having gained 1.36%.
Uptick coincides with some positive signs published earlier as data for United States Core Durable Goods Orders published today at 13:30 UTC came out at 0.5%, beating projections of 0.1% and showing improvement over the preceding figure of -0.9%.
Despite the climb, markets experienced yesterday, some technology stocks suffered losses. Take a look at our top losers.
GDS Holdings | Closed $1.89 (-13.68%) lower at $11.93
Having fallen $1.93 in 4 days, Yesterday's session continued the recent downtrend: early in yesterday's session, GDS Holdings dropped to $10.35 from $13.82 at the end of Monday, before closing at $11.93. During the session, it lost 13.68%.
FireEye | Closed 61 cents (-3.41%) lower at $17.27
Though in the midst of a 10 day uptrend, gaining a total of 7.33%, ($1.79), Yesterday's session suggests run might be coming to an end — FireEye went down to $17.27, after ending Monday at $17.88. Overall, a 3.41% move or 61 cents yesterday. FireEye's recent uptrend could be petering out after the company eclipsed its average daily volume of 3.47 million by 100% today.
IronSource | -3.18% at $2.74
During yesterday's session, ironSource toiled and struggled for upward momentum before closing at $2.74. By the close, the the app economy enabler suffered a 9 cents or 3.18% loss. Daily trading volume (12 million shares) was above the current multiday average of 8.70 million.