The Novonix Ltd (ASX: NVX) share price is sliding lower on Wednesday despite no news from the battery technology company.
However, the broader S&P/ASX 200 Information Technology Index (ASX: XIJ) is also suffering, sliding 1.9% so far today.
At the time of writing, the Novonix share price is $2.29, 6.15% lower than its previous close.
Meanwhile, the S&P/ASX 200 Index (ASX: XJO) is recording a 0.35% slump and the All Ordinaries Index (ASX: XAO) has slipped 0.36%.
Let's take a closer look at what might be going on with the ASX 200 battery materials and tech stock today.
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Novonix share price plummeting 6%
The Novonix share price is dumping yesterday's 4% gain, sinking more than 6% lower on Wednesday.
That leaves the stock 8% lower than it was at the end of last week and a whopping 44% lower than it ended May.
Interestingly, there's been no price-sensitive news out of the ASX 200 share since late last month when it announced a notable change to its board.
Also interesting is the performance of ASX technology stocks today. The ASX 200 tech sector and S&P/ASX All Technology Index (ASX: XTX) are both tumbling despite a strong performance from the tech-heavy Nasdaq Composite overnight.
The US-based index gained 2.51% in Tuesday's session overseas and the tech sector generally performs relatively in line with its performance.
The Novonix share price is joined by that of its ASX 200 peer Life360 Inc (ASX: 360). They're both down around 6% right now.
Meanwhile, shares in TechnologyOne Ltd (ASX: TNE), Computershare Limited (ASX: CPU), and EML Payments Ltd (ASX: EML) have each fallen around 4%.
It's not all doom and gloom, however. ASX 200 tech share Iress Ltd (ASX: IRE) is recording a 3.45% gain today.
Today's dip is just the latest faced by the Novonix share price this year.
It's currently down 75% year to date. Though, it has gained 8% since this time last year.
