09:02 AM EDT, 03/10/2025 (MT Newswires) -- Technology stocks fell pre-bell Monday as the Technology Select Sector SPDR Fund (XLK) was down 1.7% and the SPDR S&P Semiconductor ETF ( XSD ) was 1.3% lower recently.

Mantle Ridge has invested over $1 billion in Cognizant Technology Solutions ( CTSH ) , multiple news outlets reported, citing unnamed people with knowledge of the matter. Shares of Cognizant Technology Solutions ( CTSH ) were up 2% premarket.

Alkami Technology ( ALKT ) shares fell by more than 4% after the company said it plans to offer $300 million of convertible senior notes due 2030 in a private offering.

Perion Network ( PERI ) shares were over 3% higher after the company its board has authorized a $75 million increase to the company's $50 million buyback program, raising the total to $125 million.