Harmonic's stock plummeted 5.05% intraday on Monday, as the company was among the technology firms receiving analyst coverage.
The sharp decline coincided with the publication of analyst insights on Harmonic, indicating that market sentiment was influenced by the professional assessments released regarding the technology sector.
While the full details of the analyst reports are not provided in the available news, the timing suggests that the negative price movement was a direct reaction to the evaluations disseminated in the pre-market and early trading hours.