LONDON, August 20, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
The US equity market declined on Monday, August 19, 2013. The S&P 500 fell 0.59%, closing at 1,646.06, while the Dow Jones Industrial Average fell 0.47%, closing at 15,010.74, and the NASDAQ composite fell 0.38%, to close at 3,589.09. Shares of companies in the data storage devices industry also declined on Monday, tracking losses in the broader market. The major movers in the data storage devices industry included Fusion-io Inc. (NYSE: FIO), Brocade Communications Systems Inc. (NASDAQ: BRCD), Quantum Corporation (NYSE: QTM), and Emulex Corporation (NYSE: ELX). AAAResearchReports.com has released full comprehensive research on FIO, BRCD, QTM, and ELX. These free technical analyses can be downloaded by signing up at:
Fusion-io Inc.'s shares fell sharply on Monday, extending losses from previous trading sessions. The company's shares vacillated between $10.51 and $10.80 before ending the day 1.02% lower at $10.63. A total of 3.94 million shares were traded, which is above the daily average volume of 3.49 million. Further, the stock has fallen by 2.83% in the last three trading sessions, and 26.74% in the last one month, underperforming the S&P 500 which has fallen 2.33% and 2.72% during the respective periods. Additionally, Fusion-io Inc.'s stock is trading below its 50-day and 200-day moving averages. A free technical analysis on FIO available by signing up at:
On Monday, Brocade Communications Systems Inc.'s shares ended the day 0.64% lower at $7.79 after fluctuating between $7.74 and $7.92. A total of 9.01 million shares were traded, which is lower than its daily average volume of 7.15 million. Despite the recent losses, the company's shares have gained 40.61% in the last three months, outperforming the S&P 500 which has declined 1.28% during the same period. Furthermore, the company's stock is trading above its 50-day and 200-day moving averages. Register today and access free research on BRCD at:
Quantum Corporation's stock tumbled on Monday, finishing at $1.43, down 5.30% from its previous closing price. The company's shares traded between $1.43 and $1.53. A total of 3.20 million shares were traded, which is significantly above the daily average volume of 1.48 million. Quantum Corporation's stock has fallen by 7.74% in the past three trading sessions, and 14.88% in the past one month, underperforming the S&P 500. Moreover, the company's shares are currently trading above their 200-day moving average. The free report on QTM can be downloaded by signing up now at:
Shares in Emulex Corporation fell sharply on Monday, to end the day 2.37% lower. After oscillating between $7.42 and $7.59, the company's shares closed at the intra-day low of $7.42. A total of 0.47 million shares were traded, which is below the daily average volume of 0.74 million. Emulex Corporation's shares have lost 4.50% in the last three trading sessions. However, in the last three months, the stock has gained 19.29%, compared to a loss of 1.28% in the S&P 500. Moreover, the company's shares are trading above their 200-day moving average. A free report on ELX 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 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 has, through Chartered Financial Analysts, 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.
SOURCE AAA Research Reports