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Sector Update: Tech Stocks Gain Premarket Monday
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Sector Update: Tech Stocks Gain Premarket Monday
May 6, 2024 6:35 AM

09:16 AM EDT, 05/06/2024 (MT Newswires) -- Technology stocks were gaining premarket Monday, with the Technology Select Sector SPDR Fund ( XLK ) up 0.3% and the SPDR S&P Semiconductor ETF ( XSD ) unchanged.

Perficient (PRFT) shares soared 54% after the company said that it agreed to be acquired by an affiliate of BPEA Private Equity Fund VIII, part of EQT AB, in an all-cash transaction that values the company at about $3 billion.

Garrett Motion ( GTX ) shares rose 1% after the company said its Garrett Motion ( GTX ) and Garrett LX units are planning to launch a private offering of $500 million senior unsecured notes due 2032.

Quantum (QMCO) shares were up 1.8% after the company said it submitted plans to Nasdaq to regain compliance with the exchange's applicable listing criteria.

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