The Technology sector (XLK) held steady on a trading day that saw S&P 500 drop 0.7%.
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Increasing 14.3% (+$1.44) to close at $11.52, Pandora Media (P) was a major gainer in the sector. Today, 40.6 million shares traded hands. The stock traded in a range of $11.47 to $12.43. Share price is up $2.04 (21.5%) from $9.48 on August 1, 2012.
Finisar Corporation (FNSR) was a major loser in the sector, falling 9.5% (-$1.46) to close at $13.95 with 5.2 million shares moving. The stock traded in a range of $13.72 to $14.96. Share price is up, having risen $1.68 (13.7%) from $12.27 on August 1, 2012.
F5 Networks (FFIV) fell 4.6% to close at $97.39, crossing its 50-day moving average of $98.19. Meanwhile, I.D. Systems (IDSY) climbed 3.6% to close at $4.92, moving past its 200-day moving average of $4.90.
TransAct Technologies Incorporated (TACT) rose 2.2% to close at $7.34, approaching its 50-day moving average of $7.47. It has also moved closer to its 200-day moving average of $7.70. Seagate Technology (KLAC) fell 4.1% to close at $32.21, moving closer to its 50-day moving average of $31.33. Also, the stock moved closer to its 200-day moving average of $49.88.
Pixelworks (PXLW) hit a new 52-week high today, reaching $3.38 to top the previous high of $3.25.