On June 26, TTM Technologies fell 6.44% in regular trading, trading at $198.18/share, with turnover of $66.20 million.
On the news front, TTM Technologies officially transitioned from the Russell 2000 Index to the Russell 1000 Index on June 26. The index switch triggered concentrated selling from Russell 2000-tracking passive funds on the effective date, creating significant short-term selling pressure. Additionally, intensive insider selling by executives compounded the downward momentum.
The stock had already experienced notable weakness in the days leading up to the reconstitution, declining approximately 7.57% on June 23 and 5.04% on June 25 amid broad sector weakness. Within the Electronic Manufacturing Services sector, the overall trend remained negative, with Fabrinet down 4.21%, Celestica down 3.39%, TE Connectivity down 1.80%, Jabil Circuit down 1.62%, and Flex Ltd down 1.31%.
(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.)
Comments