These tech stocks have lost more than 20% of their value so far this year

  • 📰 CNBC
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Tech shares hinted toward recovery in the premarket as bond yields stabilized. However, the early rise in share price didn't completely recoup the losses.

Investors saw a rapid rise in bond yields, which move inversely to prices, over the past few weeks. As rates jumped, tech shares traded lower.

That came as Wall Street also expected strong economic recovery as some pandemic restrictions are lifted and vaccines continue to roll out, so they poured into more cyclical stocks. There was also the fear that pandemic recovery could lead to, which may hit tech stocks especially hard as they've been relying on easy borrowing for superior growth.

Tech shares hinted toward recovery in the premarket Tuesday as bond yields stabilized, leading investors to buy into the dip. However, the early rise in share prices Tuesday didn't completely recoup some of the losses. CNBC compiled a list of some of the notable tech companies that have shed more than 20% this year as of Tuesday morning:

was among the biggest shedders, down more than 39% for the year. The company's stock was up 2.5% in the premarket. The enterprise artificial intelligence company recently released its first earnings report as a public company, disappointing investors.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Just want the profits nothing else

JForma Splunk sucks. They should be down even more.

Lets get that to 40%

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines