Published August 08, 2012
The Technology sector (XLK) held steady during a trading day that saw the S&P 500 grow 0.1%.
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 up 5.8% over the last thirty trading days. The S&P 500, in comparison, went up 4.7%.
Magnetek (MAG) was one of the sector's big losers, as its price dropped 15.8% (-$2.30) to close at $12.30. 39,525 shares of the stock moved. The stock traded between $12.17 and $14.68.
Computer (CSC) was a major gainer in the sector, rising 15.7% (+$4.01) to close at $29.53 with 7.5 million shares moving. The stock traded in a range of $26.51 to $30.29. Shares have been on an upward trajectory over the past month, rising $6.09 (26%) from a price of $23.44 on July 10, 2012. Allot Communications (ALLT) was another big mover, climbing $2 (+8.8%) to a closing price of $24.80.
VeriFone Systems (PAY) fell 11.9% to close at $34.18, crossing its 50-day moving average of $34.92. Meanwhile, Fluidigm Corporation (FLDM) climbed 8% to close at $14.78, moving past its 200-day moving average of $14.30.
SINA Corporation (OYOG) fell 2.7% to close at $49.62, moving closer to its 50-day moving average of $48.66. Also, the stock moved closer to its 200-day moving average of $96.37. Nuance Communications (NUAN) rose 7.2% to close at $23.18, getting closer to its 200-day moving average or $23.50.
CSG Systems International (CSGS) hit a new 52-week high today, reaching $20.85 to top the previous high of $18.14.
Kayak Software (KYAK) hit a new 52-week low today, hitting $30.08 to fall below the previous low of $30.10.