The morning has been bad for the market. The Nasdaq has slipped 0.8%; the S&P 500 has decreased 0.2%; and the Dow is trading down 0.1%.
The Semiconductors sector (XLK) is currently ahead of the overall market, down only 0.8%, and its biggest movers are currently:
|Company||Market Cap||Percentage Change|
|Skyworks Solutions (Nasdaq:SWKS)||$4.09 billion||-7.4%|
|Cirrus Logic (Nasdaq:CRUS)||$1.79 billion||-6.5%|
|Tessera Technologies (Nasdaq:TSRA)||$841.6 million||-4.4%|
|Broadcom (Nasdaq:BRCM)||$18.76 billion||-4%|
|Avago (Nasdaq:AVGO)||$8.25 billion||-3.7%|
|First Solar (Nasdaq:FSLR)||$2.76 billion||+3.2%|
|Mellanox (Nasdaq:MLNX)||$2.86 billion||-3.2%|
At $19.49, Skyworks Solutions (Nasdaq:SWKS) has slipped 7.4%. The company's volume for the day so far is 5.3 million shares, one times its average over the past three months.
Cirrus Logic (Nasdaq:CRUS) is trading at $25.62 per share, down 6.5%. The company's volume for the day so far is 3.7 million shares.
Tessera Technologies (Nasdaq:TSRA) is currently trading at a share price of $15.40, a 4.4% decline. So far today, the company's volume is 255,990 shares, 1.1 times the current daily average.
Broadcom (Nasdaq:BRCM) is down 4% to reach $31.94 per share. So far today, the company's volume is 6.4 million shares.
After a decline of 3.7%, Avago (Nasdaq:AVGO) has hit a share price of $32.45. So far today, the company's volume is 3.6 million shares, one times the average volume over the last three months.
After an increase of 3.2%, First Solar (Nasdaq:FSLR) has reached a current price of $32.79. The company is trading at a volume of 2.4 million shares. This is a sign that there will be less trading activity than there was yesterday.
Slipping 3.2%, Mellanox (Nasdaq:MLNX) is currently trading at $65.44 per share. So far today, the company's volume is 170,786 shares, 0.2 times its current daily average.
The Bottom Line The nature of the market is such that stocks will have good days and bad days. Daily stock performance should be weighed against historical performance and put in context of the market overall. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.