No new catalyst drove the move; APH was down about 3.5% as the Nasdaq-led tech selloff continued, deeper than the earlier pre-market decline. Trading volume turned unusually heavy as the broad risk-off session accelerated. Amphenol's recent earnings beat and outlook and subsequent Citigroup target increase remained positive company developments, while the day's selling came from the broader tape.
No new catalyst drove the move; APH was down about 3.5% as the Nasdaq-led tech selloff continued, deeper than the earlier pre-market decline. Trading volume turned unusually heavy as the broad risk-off session accelerated. Amphenol's recent earnings beat and outlook and subsequent Citigroup target increase remained positive company developments, while the day's selling came from the broader tape.