TEAM is trading at $83.75 (-4.07%) amid a broader tech sell-off as macroeconomic headwinds pressure the sector.
- The Nasdaq dropped 1.29% after inflation hit 3.8% year-over-year, exceeding forecasts and dimming hopes for imminent interest rate cuts.
- Geopolitical tensions from stalled US-Iran talks have pushed oil prices above $105/bbl, further driving market-wide risk aversion.
- While no company-specific news was reported, technical indicators show oversold conditions despite multiple sell signals.