Tech stocks were mixed late Tuesday, with the Technology Select Sector SPDR Fund (XLK) up 0.3% and the Philadelphia Semiconductor index little changed.
In company news, ZoomInfo Technologies (ZI) shares tumbled 27% as Deutsche Bank downgraded the company’s rating and other analysts cut its price target following Q2 results.
Zebra Technologies (ZBRA) shares slumped 17% as fiscal Q2 adjusted earnings and net sales declined.
DoubleVerify (DV) shares fell 14% after the company reported Q2 results and the acquisition of Scibids Technology for $125 million in cash and stock.
Pixie Dust Technologies (PXDT) debuted on Nasdaq Tuesday after pricing an initial public offering of about 1.7 million American depositary shares at $9 per ADS. Shares of the Japanese technology company dropped 23%.
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