Ceragon Networks is trading at $2.20 (-5.17%) as the stock tracks broader technology sector declines and negative sentiment in the chip and AI space.
- The move comes despite a lack of specific company news today, though recent bearish analyst commentary and lowered revenue forecasts continue to weigh on sentiment.
- Broader market indices are under pressure, with the XLK down 2.28% and the Nasdaq also trading lower.
- Shares are currently testing short-term support levels, which may be contributing to increased intraday selling pressure.