Sector Update: Tech Stocks Trending Lower; Glu Mobile Gains After Making Games Compatible With Android TV

By
A A A

Top Tech Stocks

MSFT -1.37%

AAPL -0.20%

IBM -0.45%

CSCO -0.69%

GOOG -0.56%

Technology stocks were lower this afternoon, with shares of technology companies in the S&P 500 declining about 0.5%.

In company news, Glu Mobile Inc. ( GLUU ) shares rose Thursday after saying its mobile games, including its Deer Hunter 2014 and Eternity Warriors 2, are supported on Google's ( GOOG ) new Android TV platform.

"Android TV offers developers like Glu a meaningful way to extend high-fidelity, action gameplay to players in the living room," according to Sourabh Ahuja, the company's vice president of Android and cross-platform development. "We anticipate a positive player response to Google's Android TV."

Ahura and other GLUU executives were scheduled to participate in a 45-minute panel discussion beginning at 2 p.m. PT at the the Google I/O conference in San Francisco.

GLUU shares recently were ahead 6.8% at $4.33 apiece, earlier rising to a session high of $4.52 a share. The stock has a 52-week range of $2.10 to $5.65 a share, advancing nearly 94% over the past 12 months.

GOOG was down 0.6% at $575.38 a share this afternoon.

In other sector news,

(+) UNXL, (+16.1%) Achieves roll-to-roll production of InTouch sensors, a capacitive, multi-touch sensor film at the company's facility in Texas.

(-) CACI, (-2.6%) Guides FY15 EPS at least $0.29 under Street view. Projected revenue also lags consensus by at least $20 mln. Sees FY14 revenue in a range of $3.5 bln to $3.6 bln, in-line with $3.56 bln consensus. Projected EPS also in-line.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: GLUU , GOOG

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

183,639,073
  • $42.32 ▲ 3.85%
82,623,623
  • $15.99 ▼ 22.79%
39,547,942
  • $119 ▲ 1.19%
32,107,751
  • $77.62 ▲ 2.63%
29,684,848
  • $10.60 ▲ 2.02%
27,615,309
  • $24.03 ▲ 0.38%
26,917,669
  • $31.10 ▲ 2.07%
26,464,306
  • $47.75 ▲ 0.59%
As of 11/26/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com