Technology stocks were declining premarket Thursday. The Technology Select Sector SPDR Fund (XLK) was down 0.62% and the iShares Semiconductor ETF (SOXX) was 0.78% lower recently.
Amplitude (AMPL) was slipping past 3% after saying its board has approved a plan to reduce its global workforce by about 13% in a bid to cut costs and improve operational efficiencies.
NextPlat Corp (NXPL) was almost 7% higher after saying it entered into a binding securities purchase agreement to sell about 3.4 million shares of its common stock to a strategic investor, for gross proceeds of about $6 million.
Parsons (PSN) was up more than 1% after saying it secured the recompete Technical Support Services Contract 5 by the Federal Aviation Administration. The contract, which has a ceiling value of $1.8 billion, includes a base period of four years and two three-year option periods.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Latest news on ETFsVisit our ETF Hub to find out more and to explore our…
Ajax Engineering IPO: The public offering of concrete equipment manufacturer Ajax Engineering has been completely…
Suzlon Group, India’s leading provider of renewable energy solutions, has secured a significant repeat order…
Shares of Apollo Hospitals hogged the limelight in trade on Wednesday, February 12, and rose…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…
Pharmaceutical major Lupin Limited reported a 39.5 per cent increase in net profit to ₹855.2…