Technology stocks were down on Tuesday, with the SPDR Technology Select Sector ETF (XLK) falling 0.1% and the Philadelphia Semiconductor Index gaining 1.2% this afternoon.
In company news, ServiceNow (NOW) dropped nearly 11% after a regulatory filing on Tuesday showed that chief financial officer Gina Mastantuono last week sold 758 shares of the enterprise cloud computing company at $ 494.15 each, with proceeds from the nearly $ 375,000 stock sale that would cover its federal and state tax custody obligations that followed the issuance of 1,528 restricted stock units on July 8th.
Taboola.com (TBLA) added 1.8% after the mobile app company on Tuesday announced a new five -year licensing deal that allows Gray Television (GTN) to use its Taboola Feed to provide readers with content. news and entertainment with its digital features. Separately, Taboola.com said late Monday that it had completed the acquisition of Gravity R&D, a personalization technology company headquartered in Hungary.
Axcelis Technologies (ACLS) rose 3.9% after the semiconductor equipment firm said Tuesday it expects to exceed its Q2 financial guidance looking for $ 1.00 per share profit for the June quarter between $ 205 million to $ 215 million in revenue. . Analysts polled by Capital IQ, on average, expect Axcelis to earn $ 1.00 per share on $ 209.9 million in Q2 revenue.