Tech stocks down, Blackbaud surges on acquisition offer, Apple loses to Samsung in smartphone market

From Nasdaq: 2024-04-15 13:54:58

Tech stocks, including XLK and XSD, were down Monday afternoon, with the Philadelphia Semiconductor Index also dropping 1.6%. Meanwhile, Blackbaud shares surged 4% following an offer from Clearlake Capital to buy the company for $80 per share in cash.

Apple lost its top spot in the global smartphone market to Samsung after Q1 shipments fell by nearly 10%, shipping more than 50.1 million units. Snap One shares soared over 30% as Resideo Technologies agreed to buy the company for $10.75 per share in cash, totaling about $1.4 billion inclusive of debt.



Read more at Nasdaq: Technology Sector Update for 04/15/2024: BLKB, AAPL, SNPO, REZI