Markets closed lower, with ZoomInfo Technologies Inc., PowerFleet, Inc., Affirm Holdings, Inc. making yesterday’s list of top losers.
Before today’s session begins, here is a reminder of recent events: leading equity indices in the US declined as after dropping 1.54%, Nasdaq closed at 11,184. S&P 500 shed 0.83% and closed at 3,958.79.
This downslide might be related to financial indicators data published earlier as highly important Crude Oil Inventories data from United States beat analyst expectations of -440,000 with a reading of -5.4 million.
In line with markets falling yesterday, some technology stocks made the list of top losers. Take a look.
Affirm | Closed yesterday’s session at $15.12
After ending Tuesday at $17.31, Affirm Holdings, Inc. dropped to $14.85 early in yesterday’s session and closed at $15.12. In total, it lost 12.65%. Daily trading volume (17.89 million shares) was slightly above the current multiday average of 15.58 million.
PowerFleet | -12.86% at $2.44
PowerFleet plunged into the red after losing 12.86%, declining to $2.44.
ZoomInfo Technologies | Currently down 14.26% at $27.17
ZoomInfo Technologies hit a significant low of $27.17 around a day ago, but has since recovered 16.64%. So far in 2022, it has been doing worse than the Nasdaq by 11.04%. ZoomInfo Technologies’s market cap is currently $10.97 billion with an average daily volume of 5.12 million shares. ZoomInfo Technologies’s last revenue report was $287.6 million with an EPS of 24 cents.