Movement Alert|TTM Technologies Falls 5.04% in Regular Trading, Continued Selling Pressure from Index Rebalancing and Executive Share Sales

Market Focus
06/29

On June 29, TTM Technologies fell 5.04% in regular trading, trading at $180.91/share, with turnover of $116 million.

On the news front, TTM Technologies was officially transferred from the Russell 2000 Index to the Russell 1000 Index on June 26. The index switch triggered concentrated selling by funds that previously tracked the Russell 2000, and that selling pressure has continued into subsequent sessions. Adding to the downside, company executives have been actively reducing their holdings in a wave of insider selling. The stock has now declined over 15% cumulatively across three consecutive trading days since June 25.

Within the Electronic Manufacturing Services sector where TTM Technologies belongs, the overall sector tone remains weak. Among individual stocks, Flex Ltd up 0.95%, Celestica down 0.32%, TE Connectivity down 0.01%, Jabil Circuit down 0.57%, Fabrinet down 1.67%.

(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.)

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

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