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.

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


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