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

Market Focus
Jun 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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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