Everspin Technologies is trading 7.24% down now at $17.20 after semiconductor stocks extended a broad selloff.
- The Philadelphia Semiconductor Index fell nearly 5% on August 18.
- Elevated Treasury yields, higher oil prices, and Middle East tensions pressured growth-oriented technology shares; Reuters reported the 30-year Treasury yield remained near its highest level since 2007.
- No new company-specific negative announcement was identified for August 19.