On October 13, FormFactor rose 5.93% in after-hours trading, trading at $135.4/share, with Turnover of $5.1231 million.
The movement follows short-term volatility after the company's inclusion in the S&P MidCap 400 index. FormFactor officially joined the index before the opening of trading on October 6, replacing Twilio. The expected passive fund allocation had previously supported the stock, with a pre-market gain of 5.45% to $140.5 on October 9 before the broader semiconductor equipment sector weakened on October 12, when ASML, Applied Materials, KLA, and Lam Research all declined and FormFactor fell 5.48% intraday.
FormFactor is scheduled to report fiscal third quarter results on October 28, with market expectations for EPS of $0.78, slightly above the prior quarter's $0.74.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)