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Cisco and Other Technology Stocks Making Big Moves on November 14, 2012

November 14, 2012 | Filed Under »
Tickers in this Article » CTRX, HXL, CSCO, AZZ, IDCC, CAVM, MLNX
The market has been slipping so far today. The Nasdaq has fallen 0.4%; the S&P 500 has declined 0.5%; and the Dow has declined 0.7%. The technology sector is a category of stocks relating to the research, development and/or distribution of technologically based goods and services. This sector contains businesses revolving around the manufacturing of electronics, creation of software, computers or products and services relating to information technology. The technology sector offers a wide arrange of products and services for both customers and other businesses. Consumer goods like personal computers, stereos and televisions are continually improved and upgraded, offering the latest technology to all users. Businesses receive information and services from software and database systems, which allow the companies to make strategic business decisions.

The Technology sector (XLK) is down 0.2%, outperforming the market overall. Currently, the biggest movers in the sector are:
CompanyMarket CapPercentage Change
SXC Health Solutions Corp (Nasdaq:CTRX)$10.17 billion-6.8%
Hexcel (NYSE:HXL)$2.43 billion+6.6%
Cisco (Nasdaq:CSCO)$89.35 billion+5.7%
AZZ (NYSE:AZZ)$968.2 million-5%
InterDigital (Nasdaq:IDCC)$1.69 billion-5%
Cavium (Nasdaq:CAVM)$1.55 billion+4.2%
Mellanox (Nasdaq:MLNX)$3.68 billion-4.2%
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After a decline of 6.8%, SXC Health Solutions Corp (Nasdaq:CTRX) has hit a share price of $46.18. The company is trading at a volume of 1.7 million shares. This is more trading activity than there was yesterday.

After rising 6.6%, Hexcel (NYSE:HXL) is currently trading at a share price of $26. The company's volume for the day so far is 2.5 million shares.

Increasing 5.7%, Cisco (Nasdaq:CSCO) is trading at $17.81 per share. The company's volume is currently 77.9 million shares for the day, two times the average volume over the last three months.

After a decline of 5%, AZZ (NYSE:AZZ) has hit a share price of $36.34. So far today, the company's volume is 90,748 shares. This is in line with its current daily average.

InterDigital (Nasdaq:IDCC) is down 5% to reach $39.15 per share. This morning, 735,177 shares have been traded, more than yesterday's 508,341 shares.

Cavium (Nasdaq:CAVM) is up 4.2% to reach a current price of $32.02 per share. This morning, the company is trading a volume of one million shares.

Slipping 4.2%, Mellanox (Nasdaq:MLNX) is currently trading at $83.26 per share. The company's volume for the day so far is 651,354 shares, 0.9 times its average over the past three months.

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. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.

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