Garmin and Other Technology Stocks Making Big Moves on December 6, 2012

December 06, 2012 | Filed Under » ,
Tickers in this Article » AKAM, PANL, EPAY, AMAP, ATHN, ALLT, GRMN
The market is having a good day so far: the Nasdaq is trading up 0.7%; the S&P 500 has moved up 0.3%; and the Dow has increased 0.3%. 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 up 0.6%, underperforming the market overall. The biggest movers in the sector are currently:
CompanyMarket CapPercentage Change
Akamai Technologies (Nasdaq:AKAM)$6.3 billion+9.7%
Universal (Nasdaq:PANL)$1.07 billion+8.8%
Bottomline (Nasdaq:EPAY)$939 million-6.6%
AutoNavi Holdings Ltd (Nasdaq:AMAP)$570.9 million-6.5%
athenahealth (Nasdaq:ATHN)$2.38 billion+6.5%
Allot (Nasdaq:ALLT)$659.6 million-5.4%
Garmin (Nasdaq:GRMN)$8.26 billion+4.8%
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Increasing 9.7%, Akamai Technologies (Nasdaq:AKAM) is trading at $38.93 per share. The company is currently trading a volume of 4.5 million shares.

After an increase of 8.8%, Universal (Nasdaq:PANL) has reached a current price of $24.98. So far today, 958,959 shares have changed hands, more than yesterday's 899,261 shares.

Bottomline (Nasdaq:EPAY) is currently trading at a share price of $23.45, a 6.6% decline. So far today, the company's volume is 391,477 shares. This is three times its current three-month average.

Falling 6.5%, AutoNavi Holdings Ltd (Nasdaq:AMAP) is currently at a share price of $10.90. The company's volume is currently 247,803 shares for the day, 0.9 times the average daily volume.

athenahealth (Nasdaq:ATHN) has moved up 6.5% and is currently trading at $69.97 per share. This morning, the company is trading a volume of 1.3 million shares.

Allot (Nasdaq:ALLT) is down 5.4% to reach $19.42 per share. This morning, 262,442 shares have been traded, with trading activity in keeping with yesterday's which is likely to result in less activity than yesterday's volume of 537,691 shares.

Garmin (Nasdaq:GRMN) is currently trading at $41.61 per share, a 4.8% increase. The company is currently trading a volume of 1.3 million shares. This is 1.5 times its average volume over the past three months.

The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. 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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