🔴 Penguin Solutions is trading 10.19% down; catalyst remains unclear

Penguin Solutions is trading at $47.77, down 10.19%, while the technology sector and broader market are higher; available reporting has not identified a cause for the decline.

• On November 4, Penguin Solutions announced an all-cash agreement to sell Cree LED to Transom Capital.
• Cree LED accounts for about 10% of projected fiscal 2027 sales, and the company reaffirmed its fiscal 2027 outlook.