Markets closed lower, with Sunrun Inc., Fastly, Inc., Shift4 Payments, Inc. making yesterday's list of top losers.
A review of what happened yesterday: leading equity indices in the US declined as Dow Jones was down 0.86% before closing the session at 33,128. After dropping 0.72%, S&P 500 closed at 4,061.22.
This downslide might be related to financial indicators data published earlier as United States Initial Jobless Claims published yesterday at 12:30 UTC came out at 242,000, falling short of the 240,000 projections and continuing its decline from the previous 229,000 figure.
In line with markets falling yesterday, some technology stocks made the list of top losers. Take a look.
-15.66%: yesterday's slide leaves Sunrun traders hoping for a bounce
Yesterday's session continued the recent downtrend: after ending Wednesday at $20.05, Sunrun Inc. declined to $16.35 yesterday before closing at $16.91, thereby losing 15.66% in total. The US residential solar power company's market cap currently stands at $3.63 billion with an average daily trading volume of 9.32 million shares. So far this year, it has been doing worse than the Nasdaq by 37.56%.
The company reported earnings results Wednesday; with EPS at -1.12 and revenues at $589.85 million, these results are mixed compared to a consensus of -0.12 Earnings Per Share and $517.79 million revenue. Since the release of its earnings report, Sunrun lost 12.97%.
-12.42%: bearish mood pushes Fastly to session low of $11.73
More of the same from yesterday's session: early in yesterday's session, Fastly dropped to $11.73 from $13.53 at the end of Wednesday, before closing at $11.85. During the session, it lost 12.42%.
Currently, the US cloud computing provider has a market capitalization of $1.49 billion with an average daily volume of 3 million shares.
Fastly reported earnings results Wednesday; with EPS at -0.31 and revenues at $117.56 million, these results are mixed compared to a consensus of -0.1 Earnings Per Share and $116 million revenue. Since the release of its earnings report, Fastly lost 16.49%.
-10.66%: Shift4 closed at $58.81 after losing 10.66% yesterday
Yesterday's session continued down the same path: after ending Wednesday at $65.83, Shift4 dropped to $58.49 early in yesterday's session and closed at $58.81. In total, it lost 10.66%. Currently, the secure payment processor has a market capitalization of $4.88 billion with an average daily volume of 2.14 million shares.