Top Tech Stocks
Technology stocks were higher Monday with shares of technology
companies in the S&P 500 advancing about 0.9%.
In company news, Rightside Group Ltd. (
) shares were lower late Monday in their market debut following the
spin-off late Friday of the Internet domain name-services provider
from former corporate parent Demand Media (
The spin-off was structured as a tax-free distribution of
shares, with DMD shareholders of record on July 25 receiving one
NAME share for each five DMD shares they owned. Immediately
following that transaction, DMD also executed a 1-for-5 reverse
split of its stock.
NAME shares were slightly lower at $15.35 apiece this afternoon,
swinging in a range of $14.99 to $16.77 a share during today's
session. Volume has been relatively light, with only 88,497 shares
DMD shares were soaring Monday, with shares of the digital
content company nearly doubling today. At last look, the stock was
up 89.5% at $9.95 a share, earlier climbing to a split-adjusted
$12.13, a four-year high.
In other sector news,
(+) OVRL, Expects Q4 revenue to top $24 mln, including more than
$8 mln in RDX revenue and exceeding analyst estimates by at least
(-) CBDE, Continues balance-sheet restructuring, converting $7.0
mln of previously issued convertible notes held by Washington H.
Soul Pattinson and Co. Ltd. into stock.
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