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Technology Stocks, Including Citrix, Making Big Moves on October 8, 2012
The morning has been bad for the market. The Nasdaq has declined 1%; the S&P 500 has decreased 0.5%; and the Dow is down 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 currently ahead of the overall market, down only 1%, and its biggest movers are currently:
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Progress (Nasdaq:PRGS) is currently trading at $18.69 per share, after a steep drop of 13%. The company's volume is currently 1.3 million shares. Yesterday, volume was only 225,150 shares. Volume indicates the level of interest that investors have in a company at its current price.
Qlik Technologies (Nasdaq:QLIK) has risen 7.4% to hit a current price of $20.54 per share. The company's volume is currently 1.4 million shares for the day, 0.7 times the average daily volume. A stock's volume conveys how excited investors are about it.
3D (NYSE:DDD) has decreased to $34.17 per share, a 4.8% fall. This morning, the company is trading a volume of 545,863 shares. If a stock price moves on high volume, this means that the change is a significant one.
Slipping 4.6%, Cymer (Nasdaq:CYMI) is currently trading at $48.76 per share. So far today, the company's volume is 170,479 shares, consistent with 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.
Currently trading at $59.70 per share, Stratasys (Nasdaq:SSYS) has fallen 4.3%. The company is trading at a volume of 150,648 shares. This is a sign that there will be less trading activity than there was yesterday. If a stock price makes a big move up or down, volume lets us know the significance of that move.
Rising 3.1%, First Solar (Nasdaq:FSLR) is currently trading at $20.69 per share. The company's volume is currently 2.3 million shares for the day, 0.3 times its current daily average. The trading volume for a stock indicates the level of investor interest.
After a decline of 2.7%, Citrix (Nasdaq:CTXS) has hit a share price of $69.63. So far today, the company's volume is 1.7 million shares. In technical analysis, trading volume is used to determine the strength of a market indicator.
The Bottom Line The nature of the market is such that stocks will have good days and bad days. 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.
The Technology sector (XLK) is currently ahead of the overall market, down only 1%, and its biggest movers are currently:
| Company | Market Cap | Percentage Change |
| Progress (Nasdaq:PRGS) | $1.36 billion | -13% |
| Qlik Technologies (Nasdaq:QLIK) | $1.64 billion | +7.4% |
| 3D (NYSE:DDD) | $1.99 billion | -4.8% |
| Cymer (Nasdaq:CYMI) | $1.59 billion | -4.6% |
| Stratasys (Nasdaq:SSYS) | $1.33 billion | -4.3% |
| First Solar (Nasdaq:FSLR) | $1.75 billion | +3.1% |
| Citrix (Nasdaq:CTXS) | $13.38 billion | -2.7% |
Progress (Nasdaq:PRGS) is currently trading at $18.69 per share, after a steep drop of 13%. The company's volume is currently 1.3 million shares. Yesterday, volume was only 225,150 shares. Volume indicates the level of interest that investors have in a company at its current price.
Qlik Technologies (Nasdaq:QLIK) has risen 7.4% to hit a current price of $20.54 per share. The company's volume is currently 1.4 million shares for the day, 0.7 times the average daily volume. A stock's volume conveys how excited investors are about it.
3D (NYSE:DDD) has decreased to $34.17 per share, a 4.8% fall. This morning, the company is trading a volume of 545,863 shares. If a stock price moves on high volume, this means that the change is a significant one.
Currently trading at $59.70 per share, Stratasys (Nasdaq:SSYS) has fallen 4.3%. The company is trading at a volume of 150,648 shares. This is a sign that there will be less trading activity than there was yesterday. If a stock price makes a big move up or down, volume lets us know the significance of that move.
Rising 3.1%, First Solar (Nasdaq:FSLR) is currently trading at $20.69 per share. The company's volume is currently 2.3 million shares for the day, 0.3 times its current daily average. The trading volume for a stock indicates the level of investor interest.
After a decline of 2.7%, Citrix (Nasdaq:CTXS) has hit a share price of $69.63. So far today, the company's volume is 1.7 million shares. In technical analysis, trading volume is used to determine the strength of a market indicator.
The Bottom Line The nature of the market is such that stocks will have good days and bad days. 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.
by
Investopedia Staff
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