Top Midday Decliners

MT Newswires Live06-04 02:33

Cognyte Software (CGNT) shares sank 22% after the company reported a year-over-year slump in fiscal Q1 non-GAAP earnings on Wednesday, taking the shine out of sales growth.

More than 2.26 million shares of the company traded intraday compared with a daily average of about 579,000.

CID HoldCo (DAIC), which does business as Dot Ai, is exploring a range of strategic alternatives, including, but not limited to, a sale of the company, a merger or other business combination, a strategic partnership or joint venture, licensing arrangements, or a liquidation and dissolution.

Shares slumped 17% as intraday trading volume increased to over 351,000 from a daily average of about 93,000.

Susquehanna adjusted its price target for Global Payments (GPN) shares to $111 from $119 while maintaining its positive rating.

Shares of Global Payments traded 8% lower, with intraday trading volume rising to over 7.68 million from a daily average of roughly 3.32 million.

Price: 68.01, Change: -6.02, Percent Change: -8.13

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