Shares of Comverse Technology (Nasdaq:CMVT) were gapping down Thursday morning with an open price 10.7% lower than Wednesday's closing price. The stock closed at $6.07 yesterday and opened today's trading at $5.42.
Comverse Technology (Nasdaq:CMVT) hit a new 52-week low Monday as it is currently trading at $5.88, below its previous 52-week low of $5.90 with 451,929 shares traded as of 10:05 a.m. ET. Average volume has been 2.3 million shares over the past 30 days.