Movement Alert|TTM Technologies Rises 5.13% in Pre-Market Trading, Rebounding with Sector After Consecutive Sharp Declines

Market Focus07-09

On July 9, TTM Technologies rose 5.13% in pre-market trading, trading at $152.5/share, with turnover of $416,100. The stock staged a technical rebound following a period of heavy selling pressure that saw a 14.47% single-day plunge on July 3 and a cumulative decline exceeding 10% on July 7 and 8.

The recovery was supported by a broad-based rebound across the Electronic Manufacturing Services sector, with Flex Ltd up 3.51%, Fabrinet up 3.9%, Celestica up 2.72%, and Jabil Circuit up 2.4%, generating positive sector linkage effects.

On the fundamental side, the company previously secured $130 million in investment for capacity expansion, including $30 million from the Department of Defense expected to create approximately 400 jobs. TTM also announced plans to acquire two European companies — Swiss Technology Group and ILFA GmbH — in all-cash transactions expected to close in Q3. Additionally, the company's total book-to-bill ratio reached 1.41, indicating robust order momentum significantly exceeding shipment pace, providing support for the oversold rebound.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment