Bearish mood pushes Vimeo to session low of $3.45

Published: March 19 2023, 10:41 GMT+0

Bearish mood pushes Vimeo to session low of $3.45

A quick look at Friday: during Friday's session, Vimeo, Inc. toiled and struggled for upward momentum before closing at $3.5. By the close, the the US video sharing service suffered a 6 cents or 1.69% loss.

Vimeo was not the only decliner in the technology sector; Accenture plc Class A (Ireland) stumbles 1.15% Friday to close at $252.92.

On the other hand, positive performances could be seen by looking at other technology stocks as Microsoft gained 1.17%, as it traded at $279.43. Adobe was up 1.37%.

The US video hosting and sharing platform reached a significant high of $12.95 around 11 months ago but has lost 72.51% since then.