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SINA Corporation and Other Technology Stocks Making Big Moves on November 16, 2012

November 16, 2012 | Filed Under » ,
Tickers in this Article » SINA, MTSC, OSIS, SOHU, CPHD, MKSI, FIRE
The morning has been bad for the market. The Nasdaq has fallen 1%; the S&P 500 has declined 0.6%; and the Dow is trading down 0.8%. 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 currently lagging behind the overall market, down 1.4%, and its current biggest movers are:
CompanyMarket CapPercentage Change
SINA Corporation (Nasdaq:SINA)$3.53 billion-15%
MTS (Nasdaq:MTSC)$789.5 million-10.7%
OSI Systems (Nasdaq:OSIS)$1.1 billion+7.1%
Sohu.com (Nasdaq:SOHU)$1.42 billion-5.8%
Cepheid (Nasdaq:CPHD)$1.9 billion+4.6%
MKS Instruments (Nasdaq:MKSI)$1.2 billion+4.4%
Sourcefire (Nasdaq:FIRE)$1.34 billion+3.8%
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Taking a 15% hit, SINA Corporation (Nasdaq:SINA) is currently trading at $45.11 per share. So far today, the company's volume is 5.7 million shares.

MTS (Nasdaq:MTSC) is at a share price of $43.76 after a sharp decline of 10.7%. The company's volume is currently 116,127 shares for the day, 2.6 times its current daily average.

Increasing 7.1%, OSI Systems (Nasdaq:OSIS) is trading at $58.79 per share. The company's volume is currently 654,629 shares. This is a sign that there will be less trading activity than there was yesterday.

Currently trading at $35.17 per share, Sohu.com (Nasdaq:SOHU) has fallen 5.8%. At 599,512 shares, the company's volume so far today is one times the average volume over the last three months.

After rising 4.6%, Cepheid (Nasdaq:CPHD) is currently trading at a share price of $30.05. So far today, 289,047 shares have changed hands.

MKS Instruments (Nasdaq:MKSI) has increased to a share price of $23.75, a 4.4% rise. At 218,157 shares, the company's volume so far today is 0.9 times the current daily average.

Sourcefire (Nasdaq:FIRE) has risen 3.8% to hit a current price of $46 per share. So far today, the company's volume is 523,111 shares.

The Bottom Line The nature of the market is such that stocks will have good days and bad days. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.

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