Spire Global is trading 6.28% down now at $13.03 after technology shares weakened amid rising Treasury yields, firmer oil, and geopolitical risk.
- The technology sector is down 1.52% pre-market, providing the clearest explanation for the move.
- August 12 earnings showed revenue of $18.04 million, below the $18.53 million estimate; that catalyst was not an overnight announcement.