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Sector Update: Tech Stocks Mixed Premarket Monday
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Sector Update: Tech Stocks Mixed Premarket Monday
Apr 15, 2024 6:24 AM

09:11 AM EDT, 04/15/2024 (MT Newswires) -- Technology stocks were mixed premarket Monday, with the Technology Select Sector SPDR Fund ( XLK ) unchanged and the SPDR S&P Semiconductor ETF ( XSD ) 1.1% higher.

Snap One Holdings ( SNPO ) stock was rallying past 30% after Resideo Technologies ( REZI ) said it agreed to acquire Snap One ( SNPO ) for $10.75 per share in cash, or about $1.40 billion, inclusive of net debt of about $460 million at closing.

Salesforce ( CRM ) is in discussions to acquire Informatica ( INFA ) , multiple news outlets reported, citing unnamed sources. The customer service software company is discussing proposals to buy Informatica ( INFA ) for a price that is below its Friday close of $38.48, The Wall Street Journal reported, citing people familiar with the talks. Salesforce ( CRM ) shares were down nearly 3% in recent Monday premarket activity.

Apple ( AAPL ) lost the top spot in the global smartphone market to Samsung after its Q1 shipments fell by nearly 10%, data from research firm IDC showed on Sunday. Apple ( AAPL ) stock was down 0.5% in recent Monday premarket activity.

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