The market is on the rise this morning. The Nasdaq has moved up 0.2%; the S&P 500 has risen 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.
Outperforming the market overall, the Technology sector (XLK) is up 0.3% and its biggest movers so far today are:
|Company||Market Cap||Percentage Change|
|Cornerstone OnDemand (Nasdaq:CSOD)||$1.32 billion||+10.1%|
|Baidu (Nasdaq:BIDU)||$36.55 billion||-3.5%|
|Microsoft (Nasdaq:MSFT)||$237.51 billion||-3.5%|
|3D (NYSE:DDD)||$2.41 billion||-3%|
|Sohu.com (Nasdaq:SOHU)||$1.53 billion||-2.8%|
|F5 Networks (Nasdaq:FFIV)||$6.81 billion||+2.8%|
|Proto Labs (NYSE:PRLB)||$822.9 million||-2.8%|
Software Summary: Finviz.com Stock Screener
Cornerstone OnDemand (Nasdaq:CSOD) rose a significant 10.1% to reach $29 per share. At 747,303 shares, the company's volume so far today is 2.8 times the current three-month average.
Slipping 3.5%, Baidu (Nasdaq:BIDU) is currently trading at $100.94 per share. So far today, the company's volume is 3.4 million shares.
Microsoft (Nasdaq:MSFT) is currently trading at a share price of $27.24, a 3.5% decline. So far today, the company's volume is 69.8 million shares, 1.3 times its current daily average.
3D (NYSE:DDD) has decreased to $40.89 per share, a 3% fall. The company's volume for the day so far is 1.5 million shares. This is about the same trading activity as there was yesterday.
Sohu.com (Nasdaq:SOHU) has fallen 2.8% and is currently trading at $39.14 per share. The company's volume is currently 213,610 shares for the day, 0.4 times the average volume over the last three months.
Rising 2.8%, F5 Networks (Nasdaq:FFIV) is currently trading at $88.56 per share. So far today, 1.2 million shares have changed hands.
Falling 2.8%, Proto Labs (NYSE:PRLB) is currently at a share price of $32.89. So far today, the company's volume is 95,506 shares, 0.8 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. It is important to weigh current activity against historical performance when making any investment decisions. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.