From Alphastreet - Earnings Decoded. Market Intelligence Delivered · AlphaStreet Newsdesk · · 40s
TTM Technologies Drops 5.3% Amid Sector-Wide Selling
Electronic components sector selloff drags TTM Technologies down 5.3% as peers fall 3.7%-6.7%.
In brief
Electronic components sector selloff drags TTM Technologies down 5.3% as peers fall 3.7%-6.7%. TTM Technologies stock fell 5.3% Thursday to $121.46 after electronic components sector peers dropped 3.7%-6.7% in a coordinated selloff. Originally reported by Alphastreet - Earnings Decoded. Market Intelligence Delivered.
TTM Technologies Stock
TTM Technologies dropped 5.3% Thursday to close at $121.46.
Sector Peers Fall
FLEX dropped 4.3%, SANM fell 4.4%, IPGP declined 3.7%, and NLST posted the steepest loss at 6.7%.
Selloff Causes
The coordinated decline suggests investors are retreating from electronic components makers rather than reacting to company-specific news.
The short version
TTM Technologies stock fell 5.3% Thursday to $121.46 after electronic components sector peers dropped 3.7%-6.7% in a coordinated selloff.
