Technology Sector Update for 01/23/2024: RUM, LOGI, BLKB, XLK, XSD


Technology stocks were mixed premarket Tuesday, with the SPDR S&P Semiconductor ETF (XSD) inactive and the Technology Select Sector SPDR Fund (XLK) up 0.2% recently.

Rumble (RUM) was jumping more than 20% after saying has partnered with entertainment brand Barstool Sports, giving its users access to Barstool Sports content through the Rumble video platform.

Logitech (LOGI) was slipping past 10% after it reported fiscal Q3 net sales of $1.26 billion, down from $1.27 billion a year earlier.

Blackbaud (BLKB) was up more than 1% after its board approved the repurchase of up to $500 million of its shares.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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