Technology Sector Update for 10/11/2018: ATOM,SCOR,AAPL

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Top Tech Stocks

MSFT +1.14%

AAPL +0.08%

IBM -0.44%

CSCO -1.07%

GOOG +1.05%

Technology stocks were mixed Thursday afternoon, with the shares of tech stocks in the S&P 500 down 0.4% in value while the Philadelphia Semiconductor Index was rising 0.3%.

Among technology stocks moving on news:

(-) Atomera ( ATOM ) plunged as much as 23% during Thursday trading after pricing a $12.5 million public offering of 2.6 million common shares at $4.75 each, compared with Wednesday's closing price for the stock of $5.89. Underwriters participating in the offering also received a 30-day option to buy up to 393,750 additional shares.

In other sector news:

(+) comScore ( SCOR ) has climbed 2% higher on Thursday after Aegis Capital began coverage of the data analytics company with a buy rating and a $29 price target.

(-) Apple ( AAPL ) was edging lower Thursday afternoon, falling off an earlier gain. Dialog Semiconductor said it will license some of its power management technologies and transfer certain assets to Apple for $600 million.

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: ATOM , SCOR , AAPL

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