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GSI Technology stock rises almost 3% premarket

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Shares of GSI Technology Inc. rose 2.8% in premarket trades on Friday, clawing back some of their losses from Thursday’s session, which saw the stock fall...

Shares of GSI Technology Inc.

rose 2.8% in premarket trades on Friday, clawing back some of their losses from Thursday’s session, which saw the stock fall 5.7%. The loss-making semiconductor company has been attracting meme-like attention recently and its stock has risen 184% in the last three months. In May GSI Technology reported a fourth-quarter net loss of $4 million, compared with a net loss of $3 million in the same period last year. GSI Technology has reported a net loss for more than a dozen straight quarters.

rose 2.8% in premarket trades on Friday, clawing back some of their losses from Thursday’s session, which saw the stock fall 5.7%. The loss-making semiconductor company has been attracting meme-like attention recently and its stock has risen 184% in the last three months. In May GSI Technology reported a fourth-quarter net loss of $4 million, compared with a net loss of $3 million in the same period last year. GSI Technology has reported a net loss for more than a dozen straight quarters.

 

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