Tech stocks are down, MSTR drops after chair sells shares, BLKB rises, AAPL falls to Samsung.

From Nasdaq: 2024-04-15 15:46:37

Tech stocks, including XLK and XSD, were down in late trading, with the Philadelphia Semiconductor Index falling 1.6%. MicroStrategy (MSTR) shares dropped 8.5% after the company’s board Chair sold 5,000 shares for $7.7 million.

Blackbaud (BLKB) shares rose 3.4% following an offer from Clearlake Capital to buy the company for $80 per share. Apple (AAPL) lost its top position in the global smartphone market to Samsung after Q1 shipments fell nearly 10%, shipping over 50.1 million units. Shares were down 1.7%.

Snap One (SNPO) shares surged 30% as Resideo Technologies (REZI) agreed to buy Snap One for $10.75 per share in cash, totaling around $1.4 billion. Resideo shares fell 3.9% in response to the news.

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