The Technology sector (XLK) held steady on a trading day that saw S&P 500 drop 0.9%.
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Increasing 14.4% (+85 cents) to close at $6.76, Velti (VELT) was a major gainer in the sector. Today, 5.7 million shares traded hands. The stock traded in a range of $6.05 to $7.42.
Autodesk (ADSK) was a major loser in the sector, falling 12.9% (-$4.47) to close at $30.26 with 24.1 million shares moving. The stock traded between $28.52 and $32.33. The stock has been on a downward trajectory over the last two months, falling $11.44 (-27.4%) from a price of $41.70 on March 21, 2012.
Google (GOOG) fell 3.6% to close at $600.40, crossing its 50-day moving average of $616.81. Meanwhile, Salesforce.com (CRM) climbed 8.8% to close at $145.58, moving past its 200-day moving average of $134.67.
Loral Space & Communications (LORL) rose 2.2% to close at $58.43, approaching its 50-day moving average of $64.01. It has also moved closer to its 200-day moving average of $65.55. FactSet Research Systems (EZCH) fell 2.5% to close at $103.39, moving closer to its 50-day moving average of $102.90. Also, the stock moved closer to its 200-day moving average of $37.36.
CACI International (CACI) hit a new 52-week low today, hitting $43.52 to fall below the previous low of $44.99.