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Broadcom and Other Big Movers In Semiconductors on October 9, 2012
The market is currently down, with the Nasdaq slipping 1.7%, the S&P 500 decreasing 0.8% and the Dow down 0.7%.
The Semiconductors sector (XLK) is down 1.4%, outperforming the market overall. Currently, the biggest movers in the sector are:
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Currently trading at $42.05 per share, Rogers (NYSE:ROG) has fallen 3%. So far today, the company's volume is 6,135 shares, 0.1 times the average daily volume. Volume is an important indicator in technical analysis as it is used to measure the worth of a market move. If the markets have made a strong price move either up or down the perceived strength of that move depends on the volume for that period. The higher the volume during that price move the more significant the move.
After a decline of 3%, ASM International (Nasdaq:ASMI) has hit a share price of $34. So far today, 17,600 shares have changed hands. High volume indicates a lot of investor interest while low volume indicates the opposite.
Ultratech (Nasdaq:UTEK) is down 2.9% to reach $29.85 per share. The company's volume is currently 69,294 shares for the day, 0.4 times the current three-month average. A stock's volume conveys how excited investors are about it.
Cirrus Logic (Nasdaq:CRUS) has decreased to $36.41 per share, a 2.8% fall. So far today, the company's volume is 836,589 shares. This is about the same trading activity as there was yesterday. Volume is also used as a secondary indicator to help confirm what the price movement is suggesting.
Broadcom (Nasdaq:BRCM) is currently trading at a share price of $33.14, a 2.6% decline. So far today, the company's volume is 2.6 million shares, 0.4 times the average daily volume. The trading volume for a stock indicates the level of investor interest.
Slipping 2.5%, Silicon (Nasdaq:SLAB) is currently trading at $36.08 per share. This morning, the company is trading a volume of 30,708 shares. If a stock price makes a big move up or down, volume lets us know the significance of that move.
STMicroelectronics N.V (NYSE:STM) has risen 2.5% and is currently trading at $5.73 per share. With 458,736 shares changing hands so far today, the company's volume is 0.4 times its current three-month average. As a stock moves up or down, it is important to pay attention to the trading volume. This indicates the level of interest: the higher the volume, the more the interest.
The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.
The Semiconductors sector (XLK) is down 1.4%, outperforming the market overall. Currently, the biggest movers in the sector are:
| Company | Market Cap | Percentage Change |
| Rogers (NYSE:ROG) | $712.6 million | -3% |
| ASM International (Nasdaq:ASMI) | $1.93 billion | -3% |
| Ultratech (Nasdaq:UTEK) | $812.8 million | -2.9% |
| Cirrus Logic (Nasdaq:CRUS) | $2.42 billion | -2.8% |
| Broadcom (Nasdaq:BRCM) | $19.01 billion | -2.6% |
| Silicon (Nasdaq:SLAB) | $1.55 billion | -2.5% |
| STMicroelectronics N.V (NYSE:STM) | $4.96 billion | +2.5% |
Currently trading at $42.05 per share, Rogers (NYSE:ROG) has fallen 3%. So far today, the company's volume is 6,135 shares, 0.1 times the average daily volume. Volume is an important indicator in technical analysis as it is used to measure the worth of a market move. If the markets have made a strong price move either up or down the perceived strength of that move depends on the volume for that period. The higher the volume during that price move the more significant the move.
After a decline of 3%, ASM International (Nasdaq:ASMI) has hit a share price of $34. So far today, 17,600 shares have changed hands. High volume indicates a lot of investor interest while low volume indicates the opposite.
Ultratech (Nasdaq:UTEK) is down 2.9% to reach $29.85 per share. The company's volume is currently 69,294 shares for the day, 0.4 times the current three-month average. A stock's volume conveys how excited investors are about it.
Broadcom (Nasdaq:BRCM) is currently trading at a share price of $33.14, a 2.6% decline. So far today, the company's volume is 2.6 million shares, 0.4 times the average daily volume. The trading volume for a stock indicates the level of investor interest.
Slipping 2.5%, Silicon (Nasdaq:SLAB) is currently trading at $36.08 per share. This morning, the company is trading a volume of 30,708 shares. If a stock price makes a big move up or down, volume lets us know the significance of that move.
STMicroelectronics N.V (NYSE:STM) has risen 2.5% and is currently trading at $5.73 per share. With 458,736 shares changing hands so far today, the company's volume is 0.4 times its current three-month average. As a stock moves up or down, it is important to pay attention to the trading volume. This indicates the level of interest: the higher the volume, the more the interest.
The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.
by
Investopedia Staff
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