Technology stocks added to their midday slowdown, with the SPDR Technology Select Sector ETF (XLK) Tuesday falling 1.7% and the Philadelphia Semiconductor Index sliding 0.3% this afternoon.
In company news, Rapid7 (RPD) fell 7% after Barclays Tuesday cut its price target for cybersecurity and analytics firm of $ 18 to $ 92 per share and reiterated its overweight rating for the stock.
ServiceNow (NOW) dropped nearly 13% after a regulatory filing on Tuesday showed chief financial officer Gina Mastantuono late last week selling 758 enterprise cloud computing company shares at $ 494.15 each, which with proceeds from the nearly $ 375,000 stock sale that will cover its federal and state tax withholding obligations that followed the vesting of 1,528 restricted stock units on July 8th.
Among the gains, Taboola.com (TBLA) added 2.9% after the mobile apps company on Tuesday announced a new five-year licensing deal that allows Gray Television (GTN) to use its Taboola Feed to provide readers with news and entertainment content in its digital features.
Axcelis Technologies (ACLS) rose 2.9% after the semiconductor equipment firm said Tuesday it expects to exceed its Q2 financial guidance looking for $ 1.00 per share revenue for the June quarter of between $ 205 million and $ 215 million. we. Analysts polled by Capital IQ, on average, expect Axcelis to earn $ 1.00 per share on $ 209.9 million in Q2 revenue.