Shares of software companies are trading lower amid a pullback in the tech sector following February PPI data.
Portfolio Pulse from Benzinga Newsdesk
Shares of software companies are trading lower due to a pullback in the tech sector, triggered by the release of February PPI data.
March 14, 2024 | 7:42 pm
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NEGATIVE IMPACT
ARBK shares are trading lower amid tech sector pullback following February PPI data.
ARBK, being a part of the software industry, is directly impacted by the overall sentiment in the tech sector, which is currently negative due to the latest PPI data.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
BLND shares are trading lower amid tech sector pullback following February PPI data.
BLND, as a software company, is affected by the broader tech sector's downturn, which is influenced by the recent PPI data.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
DMRC shares are trading lower amid tech sector pullback following February PPI data.
DMRC's performance is closely tied to the tech sector, which is currently experiencing a pullback due to the PPI data release.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
DOCU shares are trading lower amid tech sector pullback following February PPI data.
DOCU, being part of the tech sector, is impacted by the negative sentiment following the PPI data, leading to a decrease in its share price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
FICO shares are trading lower amid tech sector pullback following February PPI data.
FICO's stock is affected by the broader market sentiment in the tech sector, which is currently bearish due to the PPI data.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
FTNT shares are trading lower amid tech sector pullback following February PPI data.
FTNT, as a participant in the tech industry, is experiencing a decline in share price due to the negative impact of the PPI data on the sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
GEN shares are trading lower amid tech sector pullback following February PPI data.
GEN's stock performance is directly linked to the tech sector's current downturn, which is influenced by the PPI data.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
IOT shares are trading lower amid tech sector pullback following February PPI data.
IOT, being a part of the software industry, is directly impacted by the overall sentiment in the tech sector, which is currently negative due to the latest PPI data.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
IREN shares are trading lower amid tech sector pullback following February PPI data.
IREN, as a software company, is affected by the broader tech sector's downturn, which is influenced by the recent PPI data.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
MIGI shares are trading lower amid tech sector pullback following February PPI data.
MIGI's performance is closely tied to the tech sector, which is currently experiencing a pullback due to the PPI data release.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
PLTR shares are trading lower amid tech sector pullback following February PPI data.
PLTR, being part of the tech sector, is impacted by the negative sentiment following the PPI data, leading to a decrease in its share price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
TEAM shares are trading lower amid tech sector pullback following February PPI data.
TEAM's stock is affected by the broader market sentiment in the tech sector, which is currently bearish due to the PPI data.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50