The Novonix Ltd (ASX: NVX) share price is tumbling lower today despite no news having been released by the battery materials and technology company.
It's in the red alongside many of its tech and battery metals peers today after surging nearly 11% on Thursday.
The Novonix share price is currently trading at $3.09, 5.5% lower than its previous close.
For context, the S&P/ASX 200 Index (ASX: XJO) has slumped 0.5% so far today.
Let's take a closer look at what's going on with the ASX 200 tech stock and its peers on Friday.
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What's weighing on the Novonix share price today?
The Novonix share price is plummeting on Friday, making it the worst performer in its sector.
The S&P/ASX 200 Information Technology Index (ASX: XIJ) is currently down 1.2%.
Alongside Novonix, the sector is being weighed down by shares in Megaport Ltd (ASX: MP1), Block Inc (ASX: SQ2), and Altium Limited (ASX: ALU). They've fallen 4%, 4%, and 3% respectively right now.
On top of that, some ASX 200 battery materials shares are also underperforming today.
Some lithium stocks, including Lake Resources N.L. (ASX: LKE), Core Lithium Ltd (ASX: CXO) and Liontown Resources Limited (ASX: LTR), have broken a multi-session green streak to weigh on the market.
Today's fall included, the Novonix share price is 71% lower than it was at the start of 2022 and 25% lower than it was this time last year.
Meanwhile, the ASX 200 has fallen 7% year-to-date. It is also down 7% over the last 12 months.
