Technology Sector Update for 06/19/2017: SSYS,MDSI,APPN

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Top Tech Stocks

MSFT +0.94%

AAPL +2.72%

IBM -0.39%

CSCO +1.06%

GOOG +1.50%

Technology stocks were rebounding following several rough sessions for the sector last week, with shares of tech companies in the S&P 500 climbing nearly 1.3%.

In company news, Stratasys ( SSYS ) advanced almost 5% in recent trading to top out at $27.63 a share after earlier introducing a new 3-D printer meeting stringent U.S. and European certification requirements for aircraft replacement parts.

In other sector news,

(+) MSDI, (+12.5%) Agrees to non-binding reverse merger proposal with Innovate Biopharmaceuticals, which will own about 90.9% of combined companies. The company will change its name to Innovate Bio and apply for a new ticker symbol.

(-) APPN, (-2.9%) Goldman Sachs begins analyst coverage with a Neutral investment rating and a $17 price target.

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

Copyright (C) 2016 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Technology , Commodities
Referenced Symbols: SSYS , MDSI , APPN

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