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Cirrus Logic and More Big Movers on the Nasdaq on November 1, 2012

November 01, 2012 | Filed Under » ,
Tickers in this Article » FARO, JDAS, AAWW, CRUS, FIRE, COHR, PZZA
The market is having a good day so far: the Nasdaq has risen 1.3%; the S&P 500 has increased 1%; and the Dow has moved up 1.2%. The recent surge in popularity of technological stocks has launched the Nasdaq Composite Index into the spotlight, making it one of the premier indexes in the world.

The biggest movers traded on the NASDAQ so far are:
CompanyMarket CapPercentage Change
FARO Technologies (Nasdaq:FARO)$681.2 million-18%
Jda Software Group (Nasdaq:JDAS)$1.64 billion+17.4%
Atlas Air Worldwide Holdings (Nasdaq:AAWW)$1.45 billion-16.3%
Cirrus Logic (Nasdaq:CRUS)$2.63 billion-14%
Sourcefire (Nasdaq:FIRE)$1.28 billion+13.7%
Coherent (Nasdaq:COHR)$1.08 billion-8.1%
Papa John\'s Int\'l (Nasdaq:PZZA)$1.25 billion-8%
Forex Broker Summary: UFXMarkets

Taking a 18% hit, FARO Technologies (Nasdaq:FARO) is currently trading at $32.95 per share. So far today, the company's volume is 599,643 shares. This is greater than yesterday's volume of 70,274 shares.

Jda Software Group (Nasdaq:JDAS) has soared 17.4% to reach a current price of $44.77 per share. The company's volume for the day so far is 21.8 million shares, 70 times its current three-month average.

After a precipitous drop of 16.3%, Atlas Air Worldwide Holdings (Nasdaq:AAWW) is now trading at a share price of $46. The company's volume for the day so far is 653,492 shares.

Shares of Cirrus Logic (Nasdaq:CRUS) are currently trading at $35.09, a steep decline of 14%. At 9.8 million shares, the company's volume so far today is 4.2 times the average daily volume.

Sourcefire (Nasdaq:FIRE) rose a significant 13.7% to reach $48.65 per share. The company's volume is currently 2.4 million shares. This is more trading activity than there was yesterday.

Coherent (Nasdaq:COHR) is currently trading at a share price of $41.93, a 8.1% decline. At 369,959 shares, the company's volume so far today is 0.8 times its average over the past three months.

Papa John's Int'l (Nasdaq:PZZA) is down 8% to reach $49.08 per share. The company is currently trading a volume of 100,525 shares.

The Bottom Line The nature of the market is such that stocks will have good days and bad days. It is important to weigh current activity against historical performance when making any investment decisions. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.

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