Markets closed lower, with Affirm Holdings, Inc., Asana, Inc., Cloudflare, Inc. making yesterday's list of top losers.
A quick update: leading equity indices in the US declined as S&P 500 shed 1.79% and closed at 3,999. Dow Jones closed at 33,947, a 1.4% change.
While price action maintains a negative bias, United States ISM Non-Manufacturing PMI (Nov) released yesterday at 15:00 UTC with a figure of 56.5, while the previous figure was 54.4.
In line with markets falling yesterday, some technology stocks made the list of top losers. Take a look.
Cloudflare | Closed $5.12 (-10.59%) lower at $43.25
Having set a significant low of $37.84 27 days ago, the DDoS mitigation company is trading 27.83% higher. So far in 2022, it has been doing worse than the Nasdaq by 23.09%. Cloudflare is currently trading with a market cap of $12.31 billion with an average daily trading volume of 6.32 million shares. $253.86 million was Cloudflare's last reported revenue with -11 cents being the current EPS.
Affirm | Closed yesterday's session at $13
After ending Friday at $14.62, Affirm dropped to $12.95 early in yesterday's session and closed at $13. In total, it lost 11.08%.
Asana | Currently down 11.06% at $14.4
The web and mobile application developer is up 12.43% from the significant low of $14.4 it hit a day ago. So far in 2022, it has been under-performing the Nasdaq by 37.89%. Asana has a market cap of $1.83 billion with an average daily volume of 4.30 million shares.