Markets closed higher yet First Solar, Inc., FireEye, Inc., Brooks Automation, Inc. top this unflattering list of yesterday's losers
Before today's session begins, here is a reminder of recent events: markets had an interesting day yesterday; S&P 500 ended the session at 3,678 after a 2.65% gain. Nasdaq gained 3.43% and closed at 10,676.
More data out yesterday as United States NY Empire State Manufacturing Index (Oct) released yesterday at 12:30 UTC with a figure of -9.1, while the previous figure was -1.5.
Despite the climb, markets experienced yesterday, some technology stocks suffered losses. Take a look at our top losers.
Brooks Automation | Ended yesterday's session at $113.1
Though in the midst of a 9 day uptrend, gaining a total of 29.15%, ($28.71), Yesterday's session suggests run might be coming to an end — Brooks Automation went down to $113.1, after ending Friday at $116.28. Overall, a 2.73% move or $3.18 yesterday. Brooks Automation's recent uptrend could be petering out after the company eclipsed its average daily volume of 744,654 by 134% today.
FireEye | Closed session at $17.27
Though in the midst of a 10 day uptrend, gaining a total of 7.33%, ($1.79), The prevailing bullish trend is beginning to fade following yesterday's downbeat session. After ending Friday at $17.88, FireEye fell to $17.27 Overall, a 3.41% move or 61 cents yesterday. FireEye's recent uptrend could be petering out after the company eclipsed its average daily volume of 3.47 million by 100% today.
First Solar | Currently down 4.12% at $118.28
First Solar's bearish run has lasted 10 days so far (-$19.7). More of the same from yesterday's session: an influx of sellers pushed First Solar to end the session lower around $118.28, while establishing a $115.66 to $125.89 session range yesterday. Daily trading volume (4.18 million shares) was above the current multiday average of 3 million.