Markets closed sideways but Lyft, Inc., Uber, ASE Technology Holding Co., Ltd. drop and make it on this unflattering list of yesterday's losing technology stocks.
A quick update before today's session: markets completed a mixed session yesterday, as Nasdaq shed 1.1% and closed at 10,426. S&P 500 slipped 0.65% and closed at 3,589.
Current market events are being influenced by ambiguous macro data as United States 3-Year Note Auction released yesterday at 17:00 UTC with a figure of 4.318, while the previous figure was 3.564.
While markets traded sideways yesterday, some technology stocks suffered serious losses. Here is the list of top losers from yesterday:
ASE Technology | Currently down 9.07% at $4.61
Over the last 5 days, ASE Technology Holding Co., Ltd. has fallen 15.57%. Yesterday's session continued the recent downtrend: after ending Monday at $5.07, ASE Technology dropped to $4.57 early in yesterday's session and closed at $4.61. Overall, it lost 9.07% of its value.
Lyft | Closed yesterday's session at $11.27
Having set a significant high of $56.26 a day ago, Lyft is trading 13.66% lower. So far in 2022, it has been under-performing the Nasdaq by 20.94%. The company has a market cap of $3.98 billion with an average daily volume of 14.98 million shares. Lyft's last revenue report was $990.75 million with an EPS of 13.24 cents.
Uber | Ended yesterday's session at $24.66
Having fallen $2.2 in 4 days, Yesterday's session continued down the same path: Uber shed 10.42%, falling to $24.66. Daily trading volume (89.78 million shares) was above the current multiday average of 28.85 million.