TE is trading 4.4% down at $9.94 as the stock pulls back following a multi-day surge driven by index inclusion and acquisition news.
- The recent rally was sparked by TE's addition to the S&P Semiconductors Select Industry Index and the announcement of its Kore Power acquisition.
- Today's decline reflects a normalization and profit-taking after yesterday's double-digit jump, compounded by a broader selloff across the semiconductor and technology sectors.