After the morning's trading, the Nasdaq has been relatively flat, the S&P 500 has climbed 0.1% and the Dow has increased 0.2%. 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 up 0.2% overall, and these are the biggest movers in the sector so far:
|Company||Market Cap||Percentage Change|
|Mellanox (Nasdaq:MLNX)||$3.61 billion||-6.9%|
|3D (NYSE:DDD)||$2.66 billion||+4.4%|
|Mercadolibre (Nasdaq:MELI)||$3.28 billion||-3.6%|
|Veeco Instruments (Nasdaq:VECO)||$1.07 billion||+3.4%|
|Silicon (Nasdaq:SLAB)||$1.72 billion||-2.9%|
|Acuity Brands (NYSE:AYI)||$2.77 billion||-2.8%|
|Workday (NYSE:WDAY)||$8.15 billion||-2.6%|
Currently trading at $78.46 per share, Mellanox (Nasdaq:MLNX) has fallen 6.9%. So far today, the company's volume is 500,545 shares.
After an increase of 4.4%, 3D (NYSE:DDD) has reached a current price of $47.22. This morning, 1.2 million shares have been traded,.
Slipping 3.6%, Mercadolibre (Nasdaq:MELI) is currently trading at $70.91 per share. So far today, the company's volume is 730,159 shares. This is 1.3 times its average volume over the past three months.
Increasing 3.4%, Veeco Instruments (Nasdaq:VECO) is trading at $28.30 per share. At 287,497 shares, the company's volume so far today is in line with the current daily average.
After a decline of 2.9%, Silicon (Nasdaq:SLAB) has hit a share price of $39.46. The company's volume for the day so far is 204,366 shares.
Acuity Brands (NYSE:AYI) is currently trading at a share price of $62.81, a 2.8% decline. So far today, the company's volume is 106,257 shares,.
Workday (NYSE:WDAY) is trading at $50.50 per share, down 2.6%. The company's volume for the day so far is 153,316 shares. This is in keeping with the average volume over the past three months.
The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. 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.