During trading today, the S&P 500 dropped 0.4%, and the Technology sector (XLK) showed little change.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. Entering today's trading, XLK was down 1.4% over the last thirty trading days. The S&P 500, in comparison, went up -0.3%.
Demand Media (DMD) was a significant gainer in the sector, rising 14.6%. The stock closed at $8.31 with 2.8 million shares moving. The stock traded in a range of $8.23 to $9.51. Share price is up, having risen $1.01 (13.8%) from $7.30 on March 29, 2012.
VeriFone Systems (PAY) was a major loser in the sector, falling 12.5% (-$6.80) to close at $47.64 with 12.4 million shares moving. The stock traded in a range of $46.70 to $51.34. Shares are down $4.75 (-9.1%) from a price of $52.39 on April 23, 2012.
AsiaInfo-Linkage (ASIA) rose 6% to close at $12.60, cross its 50-day moving average of $12.30 and 200-day moving average of $10.77. Sohu.com (SOHU) declined 7.5% to close at $51.57, moving below its 50-day moving average of $52.42 and 200-day moving average of $54.61.
CEVA (CEVA) rose 2.9% to close at $22.09, approaching its 50-day moving average of $22.28. It has also moved closer to its 200-day moving average of $25.74. Fair Isaac Corporation (AYI) fell 3.2% to close at $42.90, moving closer to its 50-day moving average of $42.48. Also, the stock moved closer to its 200-day moving average of $54.61.
Cerner Corporation (CERN) hit a new 52-week high today, reaching $81.48 to top the previous high of $79.82.