BRCM had a strong day on Wednesday, trading up over 4% to close at $45.94. Volume was fairly heavy, with over 15 million shares changing hands, compared to a normal daily average volume of 15.3 million shares. BRCM was up on Wednesday after MOT’s earnings report revealed strong revenue numbers. This is good news for […]
TXN is currently trading up over 3% in afterhours after reporting a strong Q1 report. This is in addition to the 4% move that TXN made in the regular session on Tuesday. TXN, along with YHOO’s earnings, should power the Nasdaq higher on Wednesday. TXN reported net income of 36 cents per share in Q1 […]
YHOO is currently trading up over 6% in the afterhours session after reporting Q1 earnings that met Street expectations. This news should be good for stocks such as GOOG as well on Wednesday, and I would expect another general tech rally on Wednesday, like we saw on Tuesday. YHOO is currently trading at $33.20 in […]
CNXT traded down almost 5% on Monday, as the stock suffered from both a sector pullback and a general pullback in technology stocks. Volume was slightly heavier than usual, with over 22 million shares changing hands, compared to a normal daily average of just under 20 million shares. CNXT was taken down on Monday as […]
SYMC is currently trading down almost 5% in the afterhours session, after it was revealed that the company may be on the hook for over $900 million dollars in back taxes. Apparently the amount is derived from 2000 and 2001 penalties and interest generated from the audit of VRTS. The company is disputing the amount […]
LVLT avoided much of the nastiness associated with many tech companies on Monday, and actually traded higher, finishing the session up over 1% in fairly light trading (18.7 million shares traded versus normal daily average of 23.3 million shares.) LVLT was up on Monday after announcing that they had purchased ICG Communications for $163 million […]
AVNX suffered the same fate as many of its sector brethren on Monday; it sold off, and it sold off big. AVNX traded down over 11% on Monday, closing the session at $2.49. Volume was fairly heavy, with over 19 million shares of the stock changing hands, compared to a normal daily average of 11.6 […]
CIEN had another rough day on Tuesday, trading down over 5% to close the session at $4.20. Volume was extremely high on Tuesday, with almost 90 million shares changing hands, compared to a normal daily average of just under 20 million shares. CIEN fell victim to a weak sector and a weak market on Tuesday, […]
After tumbling on Friday, NVAX continued to trade down on Monday. NVAX opened the session at $5.88, and ended up trading down over 13% to close the session at $5.14. Volume was extremely heavy once again, with over 16 million shares changing hands, compared to a normal daily average of 5.86 million shares. This sell-off […]
LVLT, along with many others in its sector on Monday, traded down. LVLT ended up the session down over 5% to close at $4.77. Volume was fairly heavy on the session, with over 31 million shares traded, compared to a normal daily average of 23 million shares. After racing up to $5.80 in almost a […]