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Market Overview

More Losses For Cloud Stocks (RVBD, APKT, AKAM)

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Cloud computing stocks continue to get hammered as a number of leading sectors in the U.S. equity markets appear to be breaking down. Among the biggest losers today are Riverbed Technology (NASDAQ: RVBD), Acme Packet (NASDAQ: APKT) and Akamai Technologies (NASDAQ: AKAM).

RVBD shares are currently trading down 5.33% to $32.48 and have lost more than 17% in the last 5 trading sessions. APKT has shed another 4.27% to $49.60 and have lost more than 18% over the last 5 trading days.

Akamai (AKAM) has fallen 3.28% on Tuesday and around 8.47% in the last five days.

 

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Posted-In: Intraday Update Movers