POET shares fell 22.36% to $15.97 following a $400 million registered direct offering and weaker-than-expected Q1 earnings. Claritev Corporation led market losses with a 40.90% drop, bringing the CTEV stock price to $13.87. RXT stock decreased by 20.16% to $5.82 despite the company confirming its financial outlook for the year. On May 19, Rackspace Technology was listed among the 8 best rising tech stocks according to hedge funds.
