Quantcast

Howard County News

Friday, November 15, 2024

Columbia-based Technology company BigBear.ai Holdings Inc. (BBAI:NYQ) sees value fall 23.7% on July 15

Stock market 19 edited

Value in Technology stocks rose 1.3 percent on July 15 from the previous day.

The strongest performing Technology company in Maryland was GSE Systems Inc. (GVP:NAQ), sitting 179.9 percent higher to sell at $1.16.

BigBear.ai Holdings Inc. (BBAI:NYQ) fared the worst among Maryland companies, suffering a 23.7 percent drop to $3.61.

Among Columbia companies, GSE Systems Inc. (GVP:NAQ) saw the highest rise in value of 179.9 percent on July 15.

The Financials sector was the daily best-performing sector on the market.

Telecommunications was the worst-performing sector.

Healthcare and technology stocks are viewed as the safest bets for long-term gains.

Besty Kuekcer with Benzinga.com said healthcare-related stocks, such as hospital conglomerates and insurance companies, have weathered numerous economic crises and still make a profit, suggesting that they are generally a stable investment.

While technology stocks can be more risky, given the boom-bust nature of new tech companies, Kuecker recommended a diverse portfolio of tech companies to strike it big when companies succeed or sell to other larger companies.

For short-term investments, Kuecker recommended “consumer discretionary” stocks, which are sensitive to economic changes but can rise greatly on the back of a strong economy.

Nothing in this article is to be assumed as financial advice.

Rank of stock market sectors on July 15

Sector% ChangeHighest Positive ChangeLargest Negative Change
Financials3.5%60,409,346.3%-100%
Basic Materials2.5%28,308,303.4%-83.2%
Energy2.1%127,804,189.5%-93.9%
Real Estate1.9%57,793,061.3%-92.8%
Industrials1.7%513,111,802.6%-98.4%
Health Care1.5%30,881,829.3%-97.6%
Consumer Staples1.3%588,564.4%-94.1%
Technology1.3%4,662,721.3%-87.3%
Utilities0.8%15,524,472.3%-72.9%
Consumer Discretionary0.2%54,838,687.7%-93.9%
Telecommunications-1.8%438,555,653.6%-86%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS