LONDON, January 13, 2014 /PRNewswire/ --
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On Friday, January 10, 2014, the US equity market mostly ended on a higher note. The S&P 500 closed the day 0.23% higher at 1,842.37; the Dow Jones Industrial Average finished 0.05% lower at 16,437.05; and the NASDAQ Composite ended 0.44% higher at 4,174.67. The S&P 500 Information Technology Sector Index ended the day at 578.77, up 0.20%; and the S&P 500 Semiconductors Sub-Industry Index edged 0.48% higher to end at 416.36. The S&P 500 Semiconductors Sub-Industry Index has gained 4.66% in the last one month and 9.95% in the previous three months, outperforming the S&P 500, which has advanced 3.78% and 8.17% during the respective periods. 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 free charting and technical research on these aforementioned companies. Register to read these reports at:
Broadcom Corp.'s stock declined on Friday to end the day at $28.91, down 1.50% from the previous day's closing price of $29.35. The company's shares fluctuated between $28.80 and $29.54 during the trading session. A total of 8.23 million shares were traded, which is below the daily average volume of 8.68 million. Despite Friday's losses, the company's shares have gained 0.80% in the last one month and 9.05% in the previous three months, compared to a gain of 3.78% and 8.17% in the S&P 500 during the respective periods. Additionally, Broadcom Corp.'s stock is trading above its 50-day moving average of $27.73. Sign up for free report on BRCM at:
On Friday, shares in Marvell Technology Group Ltd edged higher, hitting a new 52-week high of $15.49. The company's shares closed the day 0.40% higher at $15.21, after oscillating between $15.18 and $15.49 during the trading session. A total of 6.93 million shares were traded, which is above the daily average volume of 6.69 million. The company's shares have surged 12.75% in the last one month and 34.84% in the previous three months, outperforming the S&P 500, which has gained 3.78% and 8.17% during the respective periods. Moreover, Marvell Technology Group Ltd's stock is trading above its 50-day and 200-day moving averages of $13.70 and $12.11, respectively. MRVL free technical report can be accessed by signing up at:
Shares in PMC-Sierra Inc. gained 1.60% on Friday, closing the day at $6.36. The company's shares fluctuated between $6.25 and $6.38 during the trading session. A total of 0.97 million shares were traded, which is below the daily average volume of 1.65 million. The company's shares have gained 0.16% in the previous three trading sessions and 6.89% in the last one month, compared to a gain of 0.24% and 3.78% in the S&P 500 during the respective periods. Furthermore, PMC-Sierra Inc.'s stock is trading above its 50-day and 200-day moving averages of $6.04 and $6.29, respectively. A free report on PMCS can be accessed by registering at:
On Friday, shares in Applied Micro Circuits Corp. finished the day at $10.87, which is 4.40% lower than the previous day's closing price of $11.37. The company's shares vacillated between $10.69 and $11.10 during the trading session. A total of 2.14 million shares were traded, which is above the daily average volume of 0.98 million. The company's shares have declined 10.53% in the previous three trading sessions and 10.39% in the last one month, underperforming the S&P 500, which has advanced 0.24% and 3.78% during the respective periods. However, Applied Micro Circuits Corp.'s stock is trading above its 200-day moving average of $10.56. Register with AAA Research Reports and download research on AMCC for free at:
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