Under AAAResearchReports.com Microscope: Broadcom Corp., Marvell Technology Group Ltd, PMC-Sierra Inc., and Applied Micro Circuits Corp. Editor Note: For more information about this release, please scroll to bottom.
LONDON, September 30, 2013 /PRNewswire/ --
The U.S. equity market ended the day lower on Friday, September 27, 2013. The Dow Jones Industrial Average closed at 15,258.24, down 0.46%; the S&P 500 closed at 1,691.75, down 0.41%; and the NASDAQ Composite finished at 3,781.59, down 0.25%. The semiconductor - integrated circuits industry ended mostly on a lower note as the broader market edged lower. The major movers in the industry included Broadcom Corporation (NASDAQ: BRCM), Marvell Technology Group Ltd (NASDAQ: MRVL), PMC-Sierra Inc. (NASDAQ: PMCS), and Applied Micro Circuits Corporation (NASDAQ: AMCC). AAAResearchReports.com has released full comprehensive research on BRCM, MRVL, PMCS, and AMCC. These free technical analyses can be downloaded by signing up at:
Broadcom Corp.'s stock fell sharply by 2.01% on Friday, tracking losses in the broader market. The company's shares vacillated between $25.61 and $26.25 before finishing the day at $25.84. A total of 9.35 million shares were traded, which is below the daily average volume of 10.87 million. Broadcom Corp.'s shares have gained 2.34% in the previous one month, underperforming the S&P 500 which has gained 3.60% during the same period. Furthermore, the company's stock is trading below its 50-day and 200-day moving averages of $26.79 and $32.44, respectively. A free technical analysis on BRCM available by signing up at:
On Friday, Marvell Technology Group Ltd's stock fell sharply to close at $11.68, which is 2.59% lower than the previous day's closing price of $11.99. The company's shares oscillated between $11.68 and $11.97 during the trading session. A total of 7.10 million shares were traded, which is above the daily average volume of 5.85 million. The company's shares have lost 0.26% in the previous three months, compared to a gain of 5.32% in the S&P 500 during the same period. Additionally, Marvell Technology Group Ltd's stock is trading above its 200-day moving average of $10.75. Register today and access free research on MRVL at:
PMC-Sierra Inc.'s stock fell by 0.90% on Friday, as the broader market ended on a negative note. The company's shares closed the day at $6.63 after oscillating between $6.60 and $6.70. A total of 0.77 million shares were traded, which is below the daily average volume of 2.07 million. PMC-Sierra Inc.'s shares have gained 4.74% in the previous one month, compared to a gain of 3.60% in the S&P 500 during the same period. Moreover, the company's stock is trading above its 50-day and 200-day moving averages of $6.55 and $6.24, respectively. The free report on PMCS can be downloaded by signing up now at:
Shares in Applied Micro Circuits Corp. moved higher on Friday, extending the gains from the previous trading session. The company's shares closed the day 0.48% higher at $12.65 after oscillating between $12.27 and $12.69 during the trading session. A total of 0.27 million shares were traded, which is less than the daily average volume of 0.86 million. Applied Micro Circuits Corp.'s shares have surged 43.75% in the previous three months and 13.35% in the last one month, compared to a gain of 5.32% and 3.60% in the S&P 500 during the respective periods. Moreover, the company's stock is currently trading near its 52-week high of $13.19 as well as above its 50-day and 200-day averages of $11.81 and $9.16, respectively. A free report on AMCC can be accessed by registering at:
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com.
- For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com.
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Ananya Ghosh, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE AAA Research Reports