What To Make Of The Trend In Tech
Welcome to a special “tech gets slaughtered” edition of Trending Tickers. You can blame the negative psychology surrounding the Alibaba IPO, Twitter’s lock-up disaster yesterday or the simple fact of this being May but there are some former Nasdaq darlings getting absolutely murdered today.
It’s not just tech but any company showing a sign of weakness is being hit.
Ticking through some of the glaring examples we’ve got Whole Foods (NASDAQ:WFM) off 21%, AOL (NYSE:AOL) down 18% both on earnings. Twitter’s (NYSE:TWTR) off again by 4%, Facebook (NASDAQ:FB) off 3% just because why not, Yelp (NYSE:YELP) off another 3% but trying to bottom. It’s ugly down here folks so buckle up as we get into three names that stand out from the general carnage. Here’s what’s trending:
Watch the video below for more details: