On July 7, TTM Technologies fell 5.4% in regular trading, trading at $140.2/share, with turnover of $107 million. The stock extended its recent correction trend following a 14.47% single-day plunge on July 3.

On the news front, TTM Technologies had previously surged over 220% year-to-date, pushing its price-to-earnings ratio to approximately 79x, triggering significant profit-taking pressure. Despite multiple fundamental positives — including its addition to the Russell 1000 Index, a $130 million investment in a new Ultra-HDI manufacturing facility with $30 million in U.S. Department of Defense funding, planned acquisitions of two European companies, and a book-to-bill ratio of 1.41 — the excessive prior gains combined with elevated valuation have continued to fuel selling pressure. Additionally, sector-wide weakness compounded the decline, with Flex Ltd down 7.42%, Jabil Circuit down 7.01%, Fabrinet down 6.45%, and Celestica down 4.19%. Global PCB raw material shortages and rising logistics costs also present operational headwinds.

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