Entire watchlist portfolio in meltdown as risk aversion dominates
As the trading day draws to a close, the leading indices are falling — S&P 500 trades at 3,804.26 after losing 1.25%. Nasdaq slipping 1.75% and closing at 10,518.
In line with markets falling Friday, some technology stocks are currently on the list of Top Losers. Take a look:
Palantir Technologies | –7.75%; session high: $6.83 session low: $6.36
The data analytics specialist has fallen back around 63.57% over the past 11 months, from a notable high of $18.94. So far in 2022, it has been doing worse than the Nasdaq by 14.86%. The company is currently trading with a market cap of $12.60 billion with an average daily trading volume of 27.14 million shares. Palantir Technologies's last revenue report was $477.88 million with an EPS of -6 cents.
Losing streak continues: Xerox is down 7.7% to $14 adding to its 4th consecutive day of losses
Similar trend today: the workplace print solutions bellwether is sharply lower after losing $1.19 (7.7%), tumbling down to $14 as it comes close to the end of the session. Xerox is currently trading with a market cap of $2.18 billion with an average daily volume of 1.33 million shares.
Micronet Enertec Technologies | –8.41%; session high: $1.13 session low: $1
While on a 5 day downtrend, dropping a total of 11.54%, More of the same today: Micronet Enertec Technologies falls 9.5 cents as trading session draws to a close around the $1.03 level.