Technology sector

Tech Sector Update for 12/7/2022: NOW, TBLA, GTN, ALCS

JTech stocks fell slightly on Tuesday, with the SPDR Technology Select Sector ETF (XLK) dropping 0.1% and the Philadelphia Semiconductor Index gaining 1.2% this afternoon.

In company news, ServiceNow (NOW) fell nearly 11% after a regulatory filing on Tuesday showed Chief Financial Officer Gina Mastantuono late last week selling 758 shares of the cloud company. computing company at $494.15 each, with stock sale proceeds of nearly $375,000 covering his federal and state tax withholding obligations following the vesting of 1,528 restricted stock units July 8.

Taboola.com (TBLA) added 1.8% after the mobile apps company on Tuesday announced a new five-year licensing agreement allowing Gray Television (GTN) to use its Taboola feed to deliver content to readers. news and entertainment on its digital properties. Separately, Taboola.com announced Monday evening that it has completed its purchase of Gravity R&D, a personalization technology company headquartered in Hungary.

Axcelis Technologies (ACLS) rose 3.9% after the semiconductor equipment company said on Tuesday it expected to beat its financial guidance for the second quarter by seeking earnings of $1.00 per share for the June quarter on revenues between $205 million and $215 million. Analysts polled by Capital IQ on average expected Axcelis to earn $1.00 per share on $209.9 million in revenue in the second quarter.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.