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SINA Corporation and Other Technology Stocks Making Big Moves on December 17, 2012
The market has been doing well after the morning's trading. The Nasdaq is trading up 0.5%; the S&P 500 has moved up 0.6%; and the Dow has increased 0.5%. 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 0.4%, underperforming the market overall. The biggest movers in the sector are currently:
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Taking a 12.1% hit, Nam Tai Electronics (NYSE:NTE) is currently trading at $12.73 per share. The company's volume is currently 1.2 million shares for the day, 2.3 times the average daily volume.
SINA Corporation (Nasdaq:SINA) has increased to a share price of $47.65, a 5.1% rise. So far today, the company's volume is 2.1 million shares. This is 0.7 times the current three-month average.
After rising 4.9%, Interactive Intelligence Group (Nasdaq:ININ) is currently trading at a share price of $31.43. This morning, 15,776 shares have been traded, lighter than yesterday's volume of 68,351 shares.
Slipping 4.8%, Cavium (Nasdaq:CAVM) is currently trading at $32.26 per share. The company is currently trading a volume of 539,947 shares.
Mellanox (Nasdaq:MLNX) has fallen 4.4% and is currently trading at $63.04 per share. The company's volume is currently 427,344 shares for the day, consistent with its current daily average.
Take-Two Interactive Software, Inc (Nasdaq:TTWO) is down 3.7% to reach $12.62 per share. So far today, 719,531 shares have changed hands. This is in keeping with the average volume over the past three months.
Landauer (NYSE:LDR) has moved up 3.4% and is currently trading at $58.51 per share. So far today, the company's volume is 5,198 shares, while it was 45,775 shares yesterday.
The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. 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.
The Technology sector (XLK) is up 0.4%, underperforming the market overall. The biggest movers in the sector are currently:
| Company | Market Cap | Percentage Change |
| Nam Tai Electronics (NYSE:NTE) | $649.2 million | -12.1% |
| SINA Corporation (Nasdaq:SINA) | $3.02 billion | +5.1% |
| Interactive Intelligence Group (Nasdaq:ININ) | $579.3 million | +4.9% |
| Cavium (Nasdaq:CAVM) | $1.71 billion | -4.8% |
| Mellanox (Nasdaq:MLNX) | $2.79 billion | -4.4% |
| Take-Two Interactive Software, Inc (Nasdaq:TTWO) | $1.19 billion | -3.7% |
| Landauer (NYSE:LDR) | $532.8 million | +3.4% |
Taking a 12.1% hit, Nam Tai Electronics (NYSE:NTE) is currently trading at $12.73 per share. The company's volume is currently 1.2 million shares for the day, 2.3 times the average daily volume.
SINA Corporation (Nasdaq:SINA) has increased to a share price of $47.65, a 5.1% rise. So far today, the company's volume is 2.1 million shares. This is 0.7 times the current three-month average.
After rising 4.9%, Interactive Intelligence Group (Nasdaq:ININ) is currently trading at a share price of $31.43. This morning, 15,776 shares have been traded, lighter than yesterday's volume of 68,351 shares.
Mellanox (Nasdaq:MLNX) has fallen 4.4% and is currently trading at $63.04 per share. The company's volume is currently 427,344 shares for the day, consistent with its current daily average.
Take-Two Interactive Software, Inc (Nasdaq:TTWO) is down 3.7% to reach $12.62 per share. So far today, 719,531 shares have changed hands. This is in keeping with the average volume over the past three months.
Landauer (NYSE:LDR) has moved up 3.4% and is currently trading at $58.51 per share. So far today, the company's volume is 5,198 shares, while it was 45,775 shares yesterday.
The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. 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.
by
Investopedia Staff
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