Technology Sector Wrap

Published May 25, 2012

| FOXBusiness

During trading today, both the Technology sector (XLK) and the S&P500 showed little movement.

As a proxy for the sector, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, XLK was down 7.2% over the last thirty trading days while the S&P 500 climbed -5.8%.

VeriFone Systems (PAY) was one of the sector's big losers, as its price dropped 15.5% (-$6.97) to close at $38.03. 25.8 million shares of the stock moved. The stock traded between $37.20 and $40.26. The stock has been losing steam over the last month, sinking $15.83 (-29.4%) from a price of $53.86 on April 26, 2012.

Acxiom Corporation (ACXM) rose 5.2% to close at $13.97, cross its 50-day moving average of $13.60 and 200-day moving average of $13.35. Mentor Graphics (MENT) declined 13.2% to close at $13.20, moving below its 50-day moving average of $14.32 and 200-day moving average of $13.77.

SanDisk (SNDK) rose 4.6% to close at $33.73, approaching its 50-day moving average of $37.44. It has also moved closer to its 200-day moving average of $44.87. Hubbell Incorporated (ATE) fell 1% to close at $79, moving closer to its 50-day moving average of $77.71. Also, the stock moved closer to its 200-day moving average of $13.16.

Increasing 9.6% (+$1.44) to close at $16.47, Geeknet (GKNT) was a major gainer in the sector. Today, 41,366 shares traded hands. The stock traded in a range of $14.95 to $16.86. Share price is up $1.57 (10.5%) from $14.90 on April 26, 2012.

Maxwell Technologies (MXWL) hit a new 52-week low today, hitting $6.90 to fall below the previous low of $7.60.

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