CACI International

Technology Sector Wrap

The Technology sector (XLK) held steady on a trading day that saw S&P 500 drop 0.

9%.Increasing 14.4% (+85 cents) to close at $6.76, Velti (NASDAQ:VELT) was a major gainer in the sector. Today, 5.7 million shares traded hands. The stock traded in a range of $6.05 to $7.42.Autodesk (NASDAQ:ADSK) was a major loser in the sector, falling 12.9% (-$4.47) to close at $30.26 with 24.1 million shares moving. The stock traded between $28.52 and $32.33. The stock has been on a downward trajectory over the last two months, falling $11.44 (-27.4%) from a price of $41.70 on March 21, 2012.Google (NASDAQ:GOOG) fell 3.6% to close at $600.40, crossing its 50-day moving average of $616.81. Meanwhile, Salesforce.com (NYSE:CRM) climbed 8.8% to close at $145.58, moving past its 200-day moving average of $134.67.Loral Space & Communications (NASDAQ:LORL) rose 2.2% to close at $58.43, approaching its 50-day moving average of $64.01. It has also moved closer to its 200-day moving average of $65.55. FactSet Re...

Read More ›