🔴 Rapid7 is trading 5.2% down today as software sector falls 3%

Rapid7 is trading at $11.38, down 5.22%, as broader software-sector selling weighs on growth technology.

• The software sector is down 3.00%, amid rising bond yields, elevated oil prices, and Middle East tensions reducing appetite for growth technology.
• The decline extends the September 1 selloff; a recent board overhaul adds uncertainty, but no new company-specific catalyst was identified for September 2.