TTM Technologies Inc is trading 10.15% down at $166.08 following a sharp risk-off move in the broader market that has hit growth and technology stocks particularly hard.
- The Nasdaq Composite has dropped 3.91% as investors react to stronger labor data and the prospect of sustained elevated interest rates.
- No company-specific catalyst was identified for the move, which appears consistent with broader semiconductor sector weakness and profit-taking following recent earnings strength.
- The stock has experienced heightened volatility recently after announcing a new $1.0 billion cash flow revolver and an upsized term loan.