Tech stocks were lower late Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) dropping 1% and the Philadelphia Semiconductor index down about 1.2%.
In company news, Emcore (EMKR) shares slumped 38% after it priced an underwritten public offering of 19.6 million shares, along with warrants to certain investors, to raise $15.8 million.
Cisco (CSCO) rose 3.3% after the company reported better-than-expected fiscal Q4 results and upbeat guidance late Wednesday that prompted analysts to raise their price targets on the stock.
Creative Realities (CREX) slumped 34% after the company priced a public offering of 3 million shares at $2 per share to raise about $6 million for general corporate purposes.
Paycor HCM (PYCR) fell 4.2% after several analysts lowered their price targets on the stock.
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