Free Annual Reports
Linkedin and More Big Movers in Technology on October 11, 2012
The morning has been good for the market. The Nasdaq has climbed 0.3%; the S&P 500 has moved up 0.6%; and the Dow is up 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.
Underperforming the market overall, the Technology sector (XLK) is up 0.2%, and these are its current biggest movers:
Broker Summary: TD Ameritrade Thinkorswim
Geospace (Nasdaq:GEOS) is at $130.25 per share after an increase of 4.7%. So far today, 16,082 shares have changed hands. If a stock price moves on high volume, this means that the change is a significant one.
Falling 3.1%, Concur Technologies (Nasdaq:CNQR) is currently at a share price of $67.85. So far today, the company's volume is 478,127 shares, above yesterday's volume of 425,758 shares. If a stock is trading on low volume, then there is not much interest in the stock. On the other hand, if a stock is trading on high volume, then there is a lot of interest in the stock.
Rising 3%, Linkedin (NYSE:LNKD) is currently trading at $115.31 per share. This morning, the company's volume is 1.3 million shares. This is 0.8 times its average daily volume. When a stock price moves up or down, watching the volume is a good way of identifying how significant that shift is.
After an increase of 2.5%, Mellanox (Nasdaq:MLNX) has reached a current price of $102.50. With 293,601 shares changing hands so far today, the company's volume is 0.3 times its current three-month average. Price change alone is not enough to know how a stock is doing. Volume is an important secondary indicator used to confirm trends suggested by price movement.
After rising 2.2%, Manhattan Associates (Nasdaq:MANH) is currently trading at a share price of $57.50. So far today, the company's volume is 33,766 shares. Volume is also used as a secondary indicator to help confirm what the price movement is suggesting.
Bio-Rad Laboratories (NYSE:BIO) has moved up 2% and is currently trading at $106 per share. The company's volume is currently 9,193 shares for the day, while it was 36,027 shares yesterday. If a stock price makes a big move up or down, volume lets us know the significance of that move.
Increasing 1.8%, Mettler-Toledo International (NYSE:MTD) is trading at $171.57 per share. The company's volume for the day so far is 52,711 shares. This is 0.3 times the average daily volume. 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 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. 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.
Underperforming the market overall, the Technology sector (XLK) is up 0.2%, and these are its current biggest movers:
| Company | Market Cap | Percentage Change |
| Geospace (Nasdaq:GEOS) | $793.4 million | +4.7% |
| Concur Technologies (Nasdaq:CNQR) | $3.85 billion | -3.1% |
| Linkedin (NYSE:LNKD) | $11.84 billion | +3% |
| Mellanox (Nasdaq:MLNX) | $3.98 billion | +2.5% |
| Manhattan Associates (Nasdaq:MANH) | $1.13 billion | +2.2% |
| Bio-Rad Laboratories (NYSE:BIO) | $2.94 billion | +2% |
| Mettler-Toledo International (NYSE:MTD) | $5.23 billion | +1.8% |
Geospace (Nasdaq:GEOS) is at $130.25 per share after an increase of 4.7%. So far today, 16,082 shares have changed hands. If a stock price moves on high volume, this means that the change is a significant one.
Falling 3.1%, Concur Technologies (Nasdaq:CNQR) is currently at a share price of $67.85. So far today, the company's volume is 478,127 shares, above yesterday's volume of 425,758 shares. If a stock is trading on low volume, then there is not much interest in the stock. On the other hand, if a stock is trading on high volume, then there is a lot of interest in the stock.
Rising 3%, Linkedin (NYSE:LNKD) is currently trading at $115.31 per share. This morning, the company's volume is 1.3 million shares. This is 0.8 times its average daily volume. When a stock price moves up or down, watching the volume is a good way of identifying how significant that shift is.
After rising 2.2%, Manhattan Associates (Nasdaq:MANH) is currently trading at a share price of $57.50. So far today, the company's volume is 33,766 shares. Volume is also used as a secondary indicator to help confirm what the price movement is suggesting.
Bio-Rad Laboratories (NYSE:BIO) has moved up 2% and is currently trading at $106 per share. The company's volume is currently 9,193 shares for the day, while it was 36,027 shares yesterday. If a stock price makes a big move up or down, volume lets us know the significance of that move.
Increasing 1.8%, Mettler-Toledo International (NYSE:MTD) is trading at $171.57 per share. The company's volume for the day so far is 52,711 shares. This is 0.3 times the average daily volume. 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 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. 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
Investopedia.com believes that individuals can excel at managing their financial affairs. As such, we strive to provide free educational content and tools to empower individual investors, including thousands of original and objective articles and tutorials on a wide variety of financial topics.
Free Annual Reports
