During trading today, both the Technology sector (XLK) and the S&P500 showed little movement.
Ancestry.com (ACOM) was a significant gainer in the sector, rising 15.4%. The stock closed at $31.42 with 3.3 million shares moving. The stock traded in a range of $30.51 to $32. Altera (ALTR) was another big mover, climbing $3.74 (+12.2%) to a closing price of $34.41.
TESSCO Technologies (TESS) was a major loser in the sector. Its price dropped 12.6% (-$2.78) to close at $19.25, as 88,386 shares moved. The stock traded between $19.09 and $22.11. Shares are down $1.93 (-9.1%) from a price of $21.18 on July 18, 2012.
Symantec (SYMC) rose 13.5% to close at $14.96, cross its 50-day moving average of $14.12 and 200-day moving average of $15.96. LogMeIn (LOGM) declined 3% to close at $30.87, moving below its 50-day moving average of $31.32 and 200-day moving average of $34.59.
A. O. Smith Corporation (TSS) fell 2.2% to close at $48.98, moving closer to its 50-day moving average of $48.33. Also, the stock moved closer to its 200-day moving average of $22.57.
AOL (AOL) hit a new 52-week high today, reaching $29.60 to top the previous high of $28.97.
Polycom (PLCM) hit a new 52-week low today, hitting $7.45 to fall below the previous low of $8.93.