Why Taiwan Semiconductor Manufacturing Stock Sank Today
Taiwan Semiconductor Manufacturing (NYSE: TSM) stock lost ground in Tuesday's trading. The company's share price ended the day down 2.3% amid a 0.8% decline for the S 500 (SNPINDEX: ^GSPC) and a 0.9% decline for the Nasdaq Composite (NASDAQINDEX: ^IXIC). The stock had been off as much as 3.3% earlier in the session.
TSMC stock fell in today's trading in response to the lessening likelihood of trade deals being reached between the U.S. and major trade partners in the near term. The chip manufacturing giant's share price was also dragged lower by the market's bearish reaction to Palantir Technologies' (NASDAQ: PLTR) first-quarter earnings report.
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Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
€316.00
0.800%
With 28 Buy predictions and 1 Sell predictions Taiwan Semiconductor Manufacturing Co. Ltd. ADR is one of the favorites of our community.
However, we have a potential of -3.8% for Taiwan Semiconductor Manufacturing Co. Ltd. ADR as the target price of 304 € is below the current price of 316.0 €.
