Technology Stocks, Including Corning, Making Big Moves on November 27, 2012

The market is having a bad day so far. The Nasdaq is trading down 0.2%; the S&P 500 has declined 0.2%; and the Dow has slipped 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 down 0.3%, underperforming the market overall. The current biggest movers in the sector are:

Company	Market Cap	Percentage Change
BroadSoft (Nasdaq:BSFT)	$838.7 million	+8.9%
Corning (NYSE:GLW)	$16.68 billion	+7.5%
Generac Holdings (NYSE:GNRC)	$2.4 billion	+7.3%
Seagate (Nasdaq:STX)	$10.32 billion	-4.3%
Akamai Technologies (Nasdaq:AKAM)	$6.34 billion	-3.3%
Open Text Corporation (Nasdaq:OTEX)	$3.21 billion	+3.1%
Red Hat, Inc (NYSE:RHT)	$9.62 billion	-3.1%

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Increasing 8.9%, BroadSoft (Nasdaq:BSFT) is trading at $32.82 per share. The company is currently trading a volume of 516,870 shares.

After rising 7.5%, Corning (NYSE:GLW) is currently trading at a share price of $12.20. So far today, the company's volume is 20.6 million shares, 1.7 times its current daily average.

Generac Holdings (NYSE:GNRC) has increased to a share price of $34.35, a 7.3% rise. So far today, 2.6 million shares of the company's stock have changed hands.

Seagate (Nasdaq:STX) is down 4.3% to reach $26.16 per share. The company's volume for the day so far is 6.9 million shares, 0.8 times the average volume over the last three months.

Akamai Technologies (Nasdaq:AKAM) is trading at $34.55 per share, down 3.3%. So far today, 1.8 million shares have changed hands.

Open Text Corporation (Nasdaq:OTEX) is at $56.57 per share after an increase of 3.1%. The company's volume is currently 263,899 shares for the day, 0.9 times the current daily average.

After a decline of 3.1%, Red Hat, Inc (NYSE:RHT) has hit a share price of $48.17. So far today, the company's volume is 762,073 shares.

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.