Advances from Apple and hard-disk drive manufacturer Seagate Technology underlined gainers in tech stocks Thursday, as the sector advantaged from a broad-market increase stimulated by reaction to a better-than-projected US payrolls report.
Apple Inc. (NASDAQ:AAPL) shares added $5.44 to $357.20 after the company announced above 15 billion apps have been downloaded from its online App Store for the iPhone, iPad and iPod touch. Apple announced that over 425,000 apps are presently available on the App Store.
Individually, a US district court judge gave verdict in opposition to Apple in a trademark violation case involving Amazon.com, Inc. (NASDAQ:AMZN) and the use of the word “Appstore.”
Seagate Technology PLC (NASDAQ:STX) advanced 32 cents per share, or 2%, to end at $16.64 when JP Morgan analyst Mark Moskowitz upgraded his ratings on the hard-disk-drive manufacturer to overweight from under weight.
NASDAQ Composite (INDEXNASDAQ:.IXIC) started trading at 2,856.25 then added +38.64 points or +1.36% and after touching intraday high at 2,878.94 closed the day at 2,872.66.
Covering the high-status stories at NASDAQ, APAC Customer Services, Inc. (NASDAQ:APAC) shares soared 55%. APAC settled to be purchased by OneEquity Partners for $8.55 cash per share. OneEquity, an investment division of JP Morgan Chase, and APAC valued the agreement at $470 million. The transaction price is a 57% premium to APAC’s ending price Wednesday of $5.44 per share.
Hot Topic, Inc. (NASDAQ:HOTT) shares climbed 13.2%. The teen retailer had a 0.4% rise in same-store sales when a turn down was projected.
KLA-Tencor Corporation (NASDAQ:KLAC) added 7%. UBS analysts raised the chip equipment-maker’s stock from neutral to buy on Thursday. The analysts supposed that KLA-Tencor’s high backlog and sales to Intel Corporation (NASDAQ:INTC) would give help as semiconductor industry orders bottomed in the first quarter of 2012.
Strayer Education, Inc. (NASDAQ:STRA), a for-profit education contributor, added 5.8%. Previous week, the Department of Education provided the final version of a rule to make sure that vocational programs prepare students for jobs, making schools less probable to lose access to federal financial aid funds, and providing their shares a boost.
Urban Outfitters, Inc. (NASDAQ:URBN) shares added 6%. Morgan Stanley analysts upgraded ratings and price targets on the clothing retailer, estimating that organizational modifications would stimulate sales.
Zumiez Inc. (NASDAQ:ZUMZ), added 10% after the company announced better-than-projected same-store sales advances of 9.8%.
Affymetrix, Inc. (NASDAQ:AFFX) dropped 17.6%. The company announced earnings late Wednesday that fell short of Wall Street anticipations by a broad margin.
Tessera Technologies, Inc. (NASDAQ:TSRA) shares declined 5.4%. On Wednesday evening, the semiconductor-packaging developer announced preliminary second-quarter revenue missed targets, mainly owing to weakness in its microelectronics segment.
Broadcasting music, news, sports, talk and entertainment etc, Sirius XM Radio Inc NASDAQ:SIRI share price increased 2.78% on Thursday and closed at $2.22. Company had volume of approximately 37.77 million shares and its market capitalization was $8.76 billion.
After three days of continuous hike oil prices reduced yesterday by -0.15% near $98.52 a barrel. The overall energy sector experienced significant growth and settled near +1.26%. The notable company conducting its business in the energy sector includes Cleantech Transit, CLNO whose share price remained unchanged on Thursday and settled near $0.141.
The company in material sector Cleantech Transit Inc firmly uses the benefits of technology progresses and production opportunities in the fast expanding clean energy public transportation sector. Cleantech Transit Inc is moving with a direct investment method in important green energy projects that are conventional to maximize shareholder profits.
Upon having a successful support for the many economic and operational methods of conversion of wood waste into renewable energy sources, company opted to place its significant investments in Phoenix Energy (www.phoenixenergy.net). Company’s management is positive that its project will work in strengthening stockholders investment returns as well benefit CLNO’s production clients in the world.
Trees are the most obvious source of biomass. Woodfuel can be derived from traditional forestry practice such as thinning and trimming as part of sustainable management of woodland to ensure the production of high quality timber for construction, joinery and wood products, and optimization of biodiversity. It can also be derived from tree surgery processes and the management of parks, gardens and transport corridors.
Summarizing the story of NASDAQ, out of total 2,786 companies listed on NASDAQ, 1,995 illustrated positive closings and 620 exhibited negative closings, rest remained unchanged, whereas 101 marked New Highs and 12 set New Lows.
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