JTech stocks continued to lose ground on Tuesday, with the SPDR Technology Select Sector ETF (XLK) down 2.3% and the Philadelphia Semiconductor Index down 4.4% this afternoon.
In company news, Gogoro (GGR) slumped in its public markets debut, falling more than 12%, a day after the battery and vehicle trading platform provider completed its merger with blank check company Poema Global. Shares of Gogoro opened at $15.99 each and quickly rose to a first-day high of $17.99 only to turn south, dropping as much as 18% to hit an intraday low of $13.11 per month. action.
Cognyte Software (CGNT) fell more than 31% after the security analytics company reported non-GAAP net income of $0.16 per share for its fourth quarter ended Jan. 31, cutting more than half its earnings of $0.36 in the same quarter last year and lagging Capital IQ consensus by $0.06 per share. Revenue rose slightly to $125 million, missing the street view of $126.9 million.
FTI Consulting (FCN) rose 1.4% after announcing a strategic alliance with SentinelOne (S), the cybersecurity company set to accelerate FTI’s response to and investigations of cyberattacks. SentinelOne shares ended down 7.9% this afternoon.
VerifyMe (VRME) climbed 2.1% on Tuesday after securing a deal to offer brand protection and consumer engagement services to an unspecified sports memorabilia company.
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