09:12 AM EDT, 07/16/2024 (MT Newswires) -- Technology stocks were advancing premarket Tuesday, with the Technology Select Sector SPDR Fund ( XLK ) up 0.1% and the SPDR S&P Semiconductor ETF ( XSD ) 1.2% higher recently.

Activist investor Starboard Value owns 6.6% of Match Group ( MTCH ) shares, a regulatory filing showed, and is pushing for changes within the online-dating company to improve margins or consider going private. Match Group ( MTCH ) rose past 6% premarket.

JinkoSolar Holding ( JKS ) was up more than 2% after saying its JinkoSolar Middle East DMCC unit has agreed to establish a joint venture with Renewable Energy Localization, and Vision Industries, in Saudi Arabia.

Gilat Satellite Networks ( GILT ) advanced by 0.6% after saying its DataPath unit was awarded a multiyear contract worth more than $5 million from a National Defense organization to upgrade its transportable satellite communications network hubs.