Last Price$517.50Cboe Closing Price as of 4:05PM ET 1/27/22
Cboe Real-Time Quotes
Today's Change+10.02(1.97%)
Bid (Size)$492.50 (100)
Ask (Size)$552.04 (100)
Day Low / High$514.06 - 526.00
Volume2.4 M

Sector Update: Tech Stocks Sagging Tuesday, Led Lower by Chipmakers

1:44PM ET 11/30/2021 MT Newswires
Technology stocks were dropping Tuesday afternoon, with the Technology Select Sector SPDR ETF (XLK) down 1.3% while the Philadelphia Semiconductor Index slumoed 2.3%.

In company news, Array Technologies (ARRY) shares slid almost 17% after the solar-energy equipment company overnight announced plans for a $325 million private placement of convertible senior notes due 2028. Net proceeds will be used to pay the $396 million cash portion of Array's proposed acquisition of Spanish rival Soluciones Tecnicas Integrales Norland.

Intuit (INTU) dropped 5% after a $1.04 billion secondary offering of 1.55 million shares from selling shareholders priced at $668.95 per share, about 3.7% under Monday's close.

Hewlett Packard Enterprise (HPE) was 2.9% lower. The company said Tuesday it is building a new HPE Cray EX supercomputer for Thailand's National Science and Technology Development Agency for installation next year.