🔴 Rambus is trading 4.04% down today after removal from the PHLX Semiconductor Sector Index

Rambus is trading at $100.99, down 4.04%, after its removal from the PHLX Semiconductor Sector Index, which can pressure passive and sector-linked funds.

• Rambus rallied from $81.41 on September 16 to $105.24 on September 22, encouraging profit-taking.
• Broader technology sentiment weakened, with the Nasdaq Composite down 1.17% during the September 23 session.