Why TTM Technologies Stock Plunged This Week
A 10% revenue miss in its data center division and expanding supply chain wait times sent TTM Technologies (NASDAQ:TTMI) tumbling 21.3% this week, turning a record quarterly report into a sharp sell-off.
TTM Technologies stock changed hands at $73.89 as of the close on Thursday, Oct. 22, down 21.3% from Friday, Oct. 16’s close through Thursday, Oct. 22’s close, according to data provided by S&P Global Market Intelligence. Over the same period, the S&P 500 (SNPINDEX:^GSPC) was flat, and the Nasdaq-100 was down 0.8%.
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