🔴 SKYY is trading 3.66% down in pre-market amid cloud-sector earnings pressure

SKYY is trading at $166.00, down 3.66%, as cloud and software shares face pressure after disappointing results and outlooks.

• The price compares with the October 28 close of $172.31.
• ServiceNow’s earnings miss and weaker outlook, alongside Alphabet’s disappointing results and concerns about AI spending, weighed on the sector.
• Reuters reported broad pre-market technology weakness; a separate report described cloud stocks selling off. No specific catalyst for SKYY was identified.