Markets closed lower, with Paysafe Limited, ON Semiconductor Corporation, Kaltura, Inc. making yesterday's list of top losers.
Ahead of today's trading session: leading equity indices in the US declined as S&P 500 lost 0.61% and ended the session at 3,995.32. Nasdaq shed 0.76% and closed at 11,171.
This down-slide takes place while United States macroeconomics indicators data published earlier are pointing downward as well — following a previous reading of 1.2%, Core Retail Sales in United States released today at 13:30 UTC fell short of the 0.2% figure expected by analysts with an actual reading of -0.2%.
In line with markets falling yesterday, some technology stocks made the list of top losers. Take a look.
ON Semiconductor | -1.45% to $66.61 in pre-market trade with 45 minutes until open
ON Semiconductor Corporation hit a significant low of $46.84 around 5 months ago, but has since recovered 52.78%. So far in 2022 it has been beating the Nasdaq by 37.93%. ON Semiconductor's market cap is currently $29.23 billion with an average daily trading volume of 5.20 million shares. ON Semiconductor last reported revenue of $2.19 billion with an EPS of $1.45.
Paysafe | -12.07% at $11.88
Paysafe has lost 21.43% over the last 4 days. Yesterday's session continued the recent downtrend: after ending Tuesday at $13.51, Paysafe dropped to $11.85 early in yesterday's session and closed at $11.88. In total, it lost 12.07%.
Kaltura | Closed 8 cents (-4.3%) lower at $1.78
Kaltura's bearish run has lasted 10 days so far (-14 cents). Yesterday's session continued the recent downtrend: after ending Tuesday at $1.86, Kaltura declined to $1.78 yesterday before closing at $1.78, thereby losing 4.3% in total.