During trading today, the S&P 500 dropped 0.7%, and the Technology sector (XLK) showed little change.
Although it moved in the opposite direction of the market, the ETF tracked closer to the overall market today than it has over the past week. Going into trading today, XLK was up 1.6% over the last seven trading days. The S&P 500, in comparison, was up 0.3%.
Carbonite (CARB) was a major loser in the sector, falling 14.8% (-$1.37) to close at $7.89 with 768,327 shares moving. The stock traded between $7.72 and $9.63.
Insight (NSIT) was a significant gainer in the sector, rising 11.5%. The stock closed at $18.21 with 506,176 shares moving. The stock traded in a range of $15.89 to $19.08. Shares are up over the last two months, having risen $3.35 (22.5%) from a price of $14.86 on June 5, 2012. Similarly, AVG Technologies (AVG) gained today, increasing 78 cents (+7.8%) to close at $10.78.
OYO Geospace Corporation (OYOG) fell 5.3% to close at $91.50, crossing its 50-day moving average of $91.27. Meanwhile, ANSYS (ANSS) climbed 11.1% to close at $66.56, moving past its 200-day moving average of $62.02.
Kyocera Corporation (KYO) rose 3.1% to close at $81.09, approaching its 50-day moving average of $81.99. It has also moved closer to its 200-day moving average of $85.95. Generac Holdings (GNRC) rose 4.7% to close at $23.32, getting closer to its 200-day moving average or $24.97.
Kimball International (KBALB) hit a new 52-week high today, reaching $9.95 to top the previous high of $9.65.