Bearish mood pushes Vimeo to session low of $3.45

Published: March 19 2023, 12:35 GMT+0

Bearish mood pushes Vimeo to session low of $3.45

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

Vimeo was not the only decliner in the technology sector; Accenture plc Class A (Ireland) closed at $250 (down 1.15%).

On the other hand, positive performances could be seen by looking at other technology stocks as Microsoft traded at $279.43 after closing Friday's trading day at $276.2 (up 1.17%). Adobe gained 1.37%, as it traded at $358.14.

The US video sharing service has fallen back around 72.51% from the significant high of $12.95 set 11 months ago.