Markets closed sideways but Fidelity National Information Services, Jack Henry & Associates Inc, nCino, Inc. drop and make it on this unflattering list of yesterday's losing technology stocks.
A quick update: markets completed a mixed session yesterday while Nasdaq gained 0.45% and closed at 11,200. After dropping 0.28%, Dow Jones closed at 31,819.
This limbo state is reflected by market data published as United States Participation Rate (Feb) released yesterday at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.
While markets traded sideways yesterday, some technology stocks suffered significant losses. Here is the list of Top Losers from yesterday:
Jack Henry & Associates | Closed $16.81 (-10.63%) lower at $141.27
Jack Henry & Associates Inc hit a significant low of $141.27 around a day ago, but has since recovered 11.9%. So far this year, it has been doing worse than the S&P by 18.88%. Jack Henry & Associates has a market cap of $10.31 billion with an average daily volume of 638,283 shares. Jack Henry & Associates has a forecast of $515.7 million with an EPS of $1.12.
-12.93%: risk-off mood drags FIS 12.93% lower
Yesterday's session continued the recent downtrend: early in yesterday's session, FIS dropped to $49.64 from $57.22 at the end of Friday, before closing at $49.82. During the session, it lost 12.93%.
FIS's market cap currently stands at $29.49 billion with an average daily trading volume of 7.24 million shares. So far this year, it has been under-performing the S&P by 25.47%.
-7.88%: pre-market trading leads nCino to drop to $20.97 (a 1.5% change) after ending yesterday at $21.29
More of the same from yesterday's session: after ending Friday at $23.11, nCino declined to $19.58 yesterday before closing at $21.29, thereby losing 7.88% in total. NCino is currently trading with a market cap of $2.36 billion with an average daily volume of 619,253 shares.