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Wednesday, Jun 7, 2023


Tech stocks took a beating for much of the two-week period ended April 16 before showing signs of recovering. The Nasdaq exchange fell 4.4 percent, staying just above the 4,000 level. The Valley 50 also lost ground with a drop of 3.4 percent. Mission Valley Bancorp led as the top gainer at 6 percent with above average volume for the thinly traded stock. Research Solutions Inc. had the biggest drop at 33 percent as the company prepares for a reverse stock split in advance of applying for listing on the Nasdaq. Energy crop developer Ceres Inc. fell 22 percent after reporting earnings showing decreased revenue and a net loss.

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