Markets closed lower, with ZoomInfo Technologies Inc., Entegris, Inc., Sabre Corporation making yesterday's list of top losers.
A quick update: leading equity indices in the US declined as S&P 500 closed at 3,759.69, a 2.5% change. After dropping 3.36%, Nasdaq closed at 10,525.
Amid the market gloom, United States Interest Rate released yesterday at 18:00 UTC with a figure of four, while the previous figure was 3.25.
In line with markets falling yesterday, some technology stocks made the list of top losers. Take a look.
Entegris | -20.97% at $63.51
Entegris, Inc.'s bearish run has lasted 4 days so far (-52.9999 cents). Yesterday's session continued the recent downtrend: early in yesterday's session, Entegris dropped to $62.45 from $80.36 at the end of Tuesday, before closing at $63.51. During the session, it lost 20.97%.
Daily trading volume (9.65 million shares) was above the current multiday average of 1.78 million.
Sabre | Currently down 15.13% at $5.05
Early in yesterday's session, Sabre dropped to $5.04 from $5.95 at the end of Tuesday, before closing at $5.05. During the session, it lost 15.13%.
Daily trading volume (8 million shares) increased, making up 146% of the 21-day average (5.51 million).
ZoomInfo Technologies | Closed yesterday's session at $30.81
Having fallen $3.18 in 6 days, Yesterday's session continued down the same path: after ending Tuesday at $43.5, ZoomInfo Technologies declined to $30.12 yesterday before closing at $30.81, thereby losing 29.17% in total. Daily trading volume (22.29 million shares) increased, making up 706% of the 21-day average (3.16 million).
ZoomInfo Technologies was down, even though its quarterly earnings released on Tuesday beat the analysts’ estimates. The reported earnings of 0.24 per share on revenue of $287.6 million, topping estimates of 0.2 per share on revenue of $278.48 million.