Technology Stocks, Including Adobe, Making Big Moves on December 14, 2012

By Investopedia Staff | December 14, 2012 AAA

The Nasdaq has decreased 0.8%, the S&P 500 has fallen 0.2% and the Dow is down 0.1% on a bad morning for the market. 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 0.8%, outperforming the market overall. Currently, the biggest movers in the sector are:

Company Market Cap Percentage Change
VeriFone Systems (NYSE:PAY) $3.58 billion -11.6%
AVG (NYSE:AVG) $760.5 million +10.1%
Demandware (NYSE:DWRE) $816.6 million -8.4%
Skyworks Solutions (Nasdaq:SWKS) $4.09 billion -7.4%
Cirrus Logic (Nasdaq:CRUS) $1.79 billion -6.5%
Adobe (Nasdaq:ADBE) $17.59 billion +5.7%
Syntel (Nasdaq:SYNT) $2.43 billion -5.4%

Broker Summary: Fidelity Online Brokerage

Taking a 11.6% hit, VeriFone Systems (NYSE:PAY) is currently trading at $29.36 per share. So far today, the company's volume is 4.9 million shares, more than yesterday's 3.4 million shares.

AVG (NYSE:AVG) has soared 10.1% to reach a current price of $15.50 per share. So far today, 1.2 million shares have changed hands. This is 5.1 times the average volume over the last three months.

Demandware (NYSE:DWRE) has decreased to $25.16 per share, a 8.4% fall. So far today, the company's volume is 338,363 shares, one times the average daily volume.

Currently trading at $19.49 per share, Skyworks Solutions (Nasdaq:SWKS) has fallen 7.4%. So far today, the company's volume is 5.3 million shares.

Cirrus Logic (Nasdaq:CRUS) has fallen 6.5% and is currently trading at $25.62 per share. This morning, 3.7 million shares have been traded,.

Adobe (Nasdaq:ADBE) has moved up 5.7% and is currently trading at $37.56 per share. So far today, the company's volume is 10.1 million shares. This is 2.1 times its average volume over the past three months.

Syntel (Nasdaq:SYNT) is currently trading at a share price of $54.79, a 5.4% decline. So far today, the company's volume is 60,580 shares, 0.3 times the current daily average.

The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. Daily stock performance should be weighed against historical performance and put in context of the market overall. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.

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