Knowles Corp KN:NYSE

Last Price$14.68Cboe Real-Time Last Sale as of 9:52AM ET 5/29/20
Cboe Real-Time Quotes
Realtime quote and/or trade prices are not sourced from all markets
Today's Change-0.04(0.27%)
Bid (Size)$14.65 (500)
Ask (Size)$14.68 (200)
Day Low / High$14.43 - 14.70
Volume22.1 K

Sector Update: Tech Stocks Falling Hard as COVID-19 Seen Harming Supply Lines

1:45PM ET 2/24/2020 MT Newswires
Top Tech Stocks

MSFT -3.86%

AAPL -4.24%

IBM -2.16%

CSCO -4.11%

GOOG -4.38%

Technology stocks were leading Monday's markets selloff, with the shares of tech stocks in the S&P 500 declining 3.9% while the Philadelphia Semiconductor Index was sinking 4.5%.

Among technology stocks moving on news:

(+) RigNet (RNET) climbed more than 12% on Monday after the networking services and cyber-security company said it has negotiated a $15 million increase for its revolving facility to $100 million and extended the due date until August 2022. The revised loan agreement also includes $30 million accordion facility, allowing RigNet to increase the line of credit.

In other sector news:

(+) Xperi (XPER) was declining more than 1%, reversing a 2.7% gain that followed the semiconductor packaging company receiving a buyout proposed from Metis Ventures. Under terms of the proposed acquisition, Xperi investors would receive $23.30 in cash for each of their shares.

(-) Knowles (KN) was 1.4% lower this afternoon. The electronic components manufacturing company earlier Monday authorized a new, $100 million stock buyback program. The company said it will fund the repurchase with cash on hand and future cash generated from operations.

Price: 3.66, Change: +0.40, Percent Change: +12.27