Shares of software companies are trading lower as the broader tech sector pulls back following recent strength.
Portfolio Pulse from Benzinga Newsdesk
Software company stocks are trading lower as the broader tech sector experiences a pullback after recent gains.
June 07, 2023 | 7:52 pm
News sentiment analysis
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NEGATIVE IMPACT
Autodesk's stock is trading lower due to the broader tech sector pullback.
As the broader tech sector pulls back, Autodesk's stock is likely to be negatively impacted in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Cadence Design Systems' stock is trading lower due to the broader tech sector pullback.
As the broader tech sector pulls back, Cadence Design Systems' stock is likely to be negatively impacted in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
DocuSign's stock is trading lower due to the broader tech sector pullback.
As the broader tech sector pulls back, DocuSign's stock is likely to be negatively impacted in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Monday.com's stock is trading lower due to the broader tech sector pullback.
As the broader tech sector pulls back, Monday.com's stock is likely to be negatively impacted in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
OpenText's stock is trading lower due to the broader tech sector pullback.
As the broader tech sector pulls back, OpenText's stock is likely to be negatively impacted in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Palo Alto Networks' stock is trading lower due to the broader tech sector pullback.
As the broader tech sector pulls back, Palo Alto Networks' stock is likely to be negatively impacted in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Smartsheet's stock is trading lower due to the broader tech sector pullback.
As the broader tech sector pulls back, Smartsheet's stock is likely to be negatively impacted in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100