Top Tech Stocks
Technology stocks were narrowly higher with shares of technology
companies in the S&P 500 rising about 0.1%.
In company news, Advanced Micro Devices Inc. (
) fell Monday after the chipmaker was cut to to Underperform from
Sector Perform by analysts at Pacific Crest.
Price target information was not available.
AMD shares were off 2.1% at $4.01 each, rebounding slightly from
a session low of $3.90 a share. The stock has a 52-week range of
$3.04 to $4.65 a share, climbing just 0.1% over the past year.
In other sector news,
(+) PLXT, Agrees to $309 million buyout offer, including assumed
debt, from Avago Technologies (
), which will pay $6.50 a share in an all-cash transaction.
(-) NVDA, Cut to Underperform at Pacific Crest, citing a glut of
high-end desk-top GPUs.
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