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Sector Update: Tech Stocks Mixed Premarket Friday
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Sector Update: Tech Stocks Mixed Premarket Friday
Mar 8, 2024 6:32 AM

09:09 AM EST, 03/08/2024 (MT Newswires) -- Technology stocks were mixed premarket Friday with the Technology Select Sector SPDR Fund ( XLK ) declining 1% and the SPDR S&P Semiconductor ETF ( XSD ) up 1.2% recently.

Samsara (IOT) was up almost 13% after reporting that it swung to a fiscal Q4 adjusted profit as revenue increased during the period.

MediaAlpha ( MAX ) fell by almost 9% after saying a secondary public offering of 3 million of its class A shares has been launched on behalf of certain selling stockholders.

Marvell Technology ( MRVL ) was 4.4% lower after it issued a Q1 earnings forecast that missed market estimates.

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