Markets closed higher yet Viasat, Inc., Shoals Technologies Group, Inc., TD SYNNEX top this unflattering list of yesterday's losers
Following yesterday's session, markets were up yesterday; Nasdaq gained 1.76% and closed at 11,500. S&P 500 closed the day at 4,060.43, having gained 1.1%.
More data out yesterday as United States New Home Sales (Dec) came out at 616,000, while a consensus of analysts was expecting 617,000.
Despite yesterday's market climb several technology stocks suffered losses. Take a look at the market's Top Losers.
-4.97%: Synnex sheds 4.97% within $99.78 to $102.65 daily range
Early in yesterday's session, Synnex dropped to $99.78 from $107.88 at the end of Wednesday, before closing at $102.52. During the session, it lost 4.97%.
The IT solutions provider's market cap currently stands at $9.77 billion with an average daily volume of 290,599 shares.
-7.76%: yesterday's slide leaves Viasat traders hoping for a bounce
After ending Wednesday at $37.36, Viasat declined to $34.07 yesterday before closing at $34.46, thereby losing 7.76% in total. Viasat's market cap is currently $2.60 billion with an average daily trading volume of 330,532 shares.
Viasat is trading in a $34.07 – $36.52 range prior to its earnings announcement.
Shoals Technologies | -5.78% at $26.72
This year has been a bright one for the solar energy project enabler after trading as low as $9.78 and going on to appreciate by 22.19% year to date. Currently, the solar energy project enabler has a market capitalization of $3 billion with an average daily trading volume of 2.24 million shares. Shoals Technologies's last revenue report was $90.82 million with an EPS of 7 cents.