On June 5, STMicroelectronics fell 5.74% in regular trading, trading at $73.1/share, with trading volume of $86.75 million. The decline marks the second consecutive session of significant losses as the broader semiconductor sector remains under sustained selling pressure.
On the news front, the semiconductor sector continued its broad-based pullback, with Marvell Technology down 6.65%, Micron Technology down 4.8%, AMD down 4.6%, Broadcom down 3.62%, and NVIDIA down 2.15%. Notably, STMicroelectronics had surged over 11% on June 2 after raising its data center business full-year revenue target to approximately $10 billion, up from a prior guidance of well above $5 billion — the second upward revision in three months. The stock had reached an all-time high that day, with year-to-date gains reaching 168%. Against the backdrop of the prior rapid rally and sector-wide weakness, short-term profit-taking pressure has intensified, driving the continued correction.
(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.)
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